BTCUSD, H4:
Bitcoin (BTC/USD) has regained upward traction after a corrective pullback earlier this month, with price action now stabilizing above the $115,450. The recovery from the late-August lows underscores market resilience, as the pair has reclaimed lost ground and is testing the $117,640 resistance zone.
The structure suggests underlying strength, with buyers maintaining control above the 200-period SMA and defending higher support levels. A decisive breakout above $117,640 could open the door toward the $120,475 retracement level and potentially extend into the $124,080 region. Conversely, failure to hold above $115,650 would risk a deeper retracement toward $113,660.
Momentum indicators are mixed but leaning constructively. The RSI is holding above 54, indicating modest bullish momentum without overbought conditions, while the MACD is moderating but remains positioned above the signal line, hinting that underlying buying pressure is intact. This setup supports a cautiously bullish outlook, with the next directional move hinting on whether Bitcoin can clear immediate resistance.
Resistance Levels: 115,650.00, 117,640.00
Support Levels: 113,660.00, 111,198.00
USDJPY, H4
USD/JPY is consolidating just below the 148.40 resistance, with price action holding steady above the 146.65 support zone, suggesting a period of range-bound trading as bulls and bears battle for control.
Momentum indicators remain mixed. The RSI is hovering around 47, reflecting indecision and lack of directional conviction, while the MACD is flat near the zero line, offering no clear momentum bias at this stage.
With technicals neutral, a decisive break above 148.40 could open the door toward 149.50 and the 150.90 zone. On the flip side, failure to hold above 146.65 would expose downside risk toward 144.40. Until a breakout occurs, USD/JPY is likely to remain trapped in consolidation.
Resistance Levels: 148.40, 149.50
Support Levels: 146.65, 144.40
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