FX.co ★ Trading Signal for BTC for february 01 - 02, 2021: Sell Below $34,375

The BTC digital currency, this morning of the American session, is trading below the 200 EMA and below the 21 SMA in 4-hour charts and below of the 7/8 of murray.

Last week we noticed a strong bullish momentum, towards the 8/8 area of murray, around $ 37,500, now it is trading under some downward pressure, because the eagle indicator is showing a bearish signal and below the level of the 7/8 of murray.

If the BTC cryptocurrency consolidates below the 200 EMA and below the 7/8 Murray, a downward movement to the $ 31,250 support zone is likely to occur.

On the other hand, a break above the 7/8 of murray above $ 34,375, could be a good buy point with a target up to the $ 37,500 zone (8/8).

Support And Resistance Levels For February 01 - 02, 2021

Resistance (1) $35,775

Resistance (2) $36,771

Resistance (3) $37,721

Support (1) $31,557

Support (2) $30,551

Support (3) $28,950