Bitcoin Cautious at Higher Levels While Stocks Recover; Dollar Slumps As Cryptos Surge
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Bitcoin shows cautious trading at higher levels but sellers may return if rally stalls. Withdrawals from exchanges hit 61K BTC, indicating positive sentiment.
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S&P 500 broke 20-day EMA and 50-day SMA, indicating downtrend may be over. Bulls expected to buy dips to 20-day EMA.
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Dollar index plunged below moving averages, signaling start of deeper correction. Support at 38.2% Fib level, below that more declines possible.
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Bitcoin rising inside ascending channel. Momentum slowing so consolidation or correction possible. Strong support at 20-day EMA.
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Ether broke $1,885 resistance, eyeing $2,000 next. Bullish unless price turns down from current levels.