BTC/USD Regains Some Lost Ground: Sally Ho's Technical Analysis 26 February 2022 BTC

Bitcoin (BTC/USD) reclaimed a few misplaced floors early withinside the Asian consultation because the pair moved lower back above the 38000 discern and peaked across the 39720 level, representing a check of the 50% retracement of the current depreciating variety from 44775. ninety-six to 34222.  Stops had been elected above the 36789, 37043, 38315, 38727, and 39548 regions at some stage in the flow higher, upside retracement ranges associated with current promoting stress that intensified across the 45855 and 44775.ninety-six ranges.  Related upside retracement ranges consist of the 39980, 40088, 40782, 41102, 41449, 42224, 42308, 42538, 43133, and 43386 regions.  During the current acute depreciation, Stops had been elected beneath the 35982 and 35698 ranges, regions that constitute the 76.4% and 78.6% retracements of the appreciating variety from 32933.33 to 45855. Additional Stops had been additionally elected beneath the 38670, 37797, and 35626 ranges.
Buying stress emerged the ultimate week after BTC/USD examined the 34165 area, a disadvantage charge goal associated with promoting stress across the 47076 level.  If BTC/USD extends its current flow downward, extra disadvantage charge goals and regions of ability technical help consists of the 34190, 33724, 33208, 32894, 31639, 29514, 28625, 27721, 25839, and 25217 ranges.  Traders are watching that the 50-bar MA (4-hourly) is bearishly indicating beneath the 100-bar MA (4-hourly) and beneath the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating beneath the 100-bar MA (hourly) and beneath the 200-bar MA (hourly).
Price interest is nearest the 50-bar MA (4-hourly) at 38838.89 and the 200-bar MA (Hourly) at 38837.82.
Technical Support is predicted round 31639.47/ 29514.02/ 27271.02 with Stops predicted beneath.
Technical Resistance is predicted round 46600.89/ 47726.76/ 49019.35 with Stops predicted above.  
On the 4-Hourly chart, SlowK is Bearishly beneath SlowD whilst MACD is Bullishly above MACDAverage.

On the 60-minute chart, SlowK is Bearishly beneath SlowD whilst MACD is Bullishly above MACDAverage.