Web Trader MT5 
Bitcoin Technical Analysis
Bitcoin selling pressure intensified since late October, with the 4h chart showing a sharp and persistent downtrend. Price has fallen dramatically and is currently trading significantly below all three moving averages MA(5), MA(10), and MA(30). The moving averages also show a bearish crossover.
Yesterday,mprice fell below major psychological support level of $100,000 before a small bounce, but the immediate trend is still decisively down.MACD also reflects intense selling pressure.
The overview of bitcoin is strongly bearish. The recent sharp drop suggests panic selling or a major shift in market sentiment. Downtrend is expected to continue until a clear sign of bottoming, like a bullish divergence or MA crossover, is established.
Bitcoin 4H Chart
| Resistance | $103,661 | $107,313 | $110,751 |
| Support | $99,000 | $98,242 | $96,000 |
GBPUSD Technical Analysis
As the USD strengthens, GBPUSD shows a clear and sustained downtrend since late October. The pair is trading significantly below all three Moving Averages (MA 5, 10, and 30). This is a classic confirmation of a strong bearish trend. Additionally, a bearish crossover is seen on the three moving averages.
The MACD line is well below the signal line, which indicates weakness and suggests strong downward momentum and no immediate signs of a reversal.
The overview for GBPUSD is strongly bearish. The next major support level is 1.3000, but the overall technicals suggest the price is poised for a further decline unless a significant reversal pattern emerges.
GBPUSD 4H Chart
| Resistance | 1.3077 | 1.3163 | 1.3220 |
| Support | 1.3000 | 1.2990 | 1.2883 |
S&P500 Technical Analysis
Following the strong uptrend in the S&P500, the index showed signs of correction this week. Since the recent peak, the index price has reversed, showing a sharp drop that broke below the three major moving averages MA(5), MA(10), and MA(30).
MACD confirms the loss of bullish momentum and the establishment of new bearish momentum.
The technical picture indicates a bearish reversal from the prior uptrend. The break below the moving averages and the confirmed MACD Sell signal suggests that the index is likely to continue its decline in the short to medium term.
S&P500 4H Chart
| Resistance | 6,820 | 6,845 | 6,890 |
| Support | 6,720 | 6,683 | 6,654 |
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
