G’Day Crypto Crusaders! As suspected we saw BTC pump off the NYSE market open before falling back to the 74K range which is now holding as support. Double top resistance at 76K and the next hurdle for a continuance of the recent upside move. On the 4H Chart, price breached then retraced back into the bear flag with current support at 70.5K. RSI Fell and attempting breach the 60 Line, a common reversal point on the 4H Chart. Daily Chart is showing a rejection off the 100 SMA, a move above it and hold as support would indicate a further move up, possibly to the R2 resistance of 79.5K.SRSI is pinning 100 suggesting a near-term pullback. RSI at 62 is getting top heavy but still has some room for an upward move. Key Daily RSI level to watch is the 70 line, a major pullback spot. Weekly Chart shows an attempt and rejection at the 76K resistance line, bear flag still intact. RSI and SRSI still has room to run up. Both the bear trend line and 21 SMA have converged at 78.3K an area that most likely will put up a strong resistance if price climbs. Throughout the previous cycle’s bull phase, the RSI 44 Line held as rock solid support and is now a resistance point. One to keep an eye on for potential reversal with current weekly RSI at 42. The 5D 21-SMA has been an incredibly accurate resistance/pullback indicator in the previous 3 bear cycles and proving to be the same is this bear cycle. Yesterday, price was rejected at the 21 SMA and indication that BTC may be turning back soon. It doesn’t mean that we won’t have some near term candles wick or even close above the 21 SMA, but if and until it acts as support all things are still pointing to a further move down with next major supports at 65K and 60K. Peace! #BitcoinCharts #CryptoTrading