7 October 2025,05:43
Chart The Market
7 October 2025, 05:43
BTC, H4:
Bitcoin continues to trade within a constructive pattern of higher lows, having recently established a fresh all-time high. However, the cryptocurrency is now testing a critical technical level at its uptrend support line—a breach of which would signal a potential near-term reversal in momentum. The ability to maintain this support will be crucial for preserving the current bullish structure.
Should Bitcoin break below the trendline support, the next significant technical level resides near the $122,000 liquidity zone. A successful defense of this area would suggest the broader bullish trajectory remains intact, while a failure could trigger a deeper correction toward the $118,000–$120,000 support range.
Momentum indicators reflect a noticeable moderation in bullish energy. The Relative Strength Index has retreated to neutral territory around its midline, indicating a balance between buying and selling pressure. More notably, the Moving Average Convergence Divergence has generated a bearish crossover—often referred to as a “death cross”—despite remaining above its zero line. This suggests that while the longer-term trend may still be positive, near-term momentum is clearly decelerating.
Resistance Levels: 125,200.00, 127,140.00
Support Levels: 122,585.00, 119,550.0
EURUSD, H4
The EUR/USD pair has broken below a prolonged consolidation range, signaling a resurgence of bearish momentum and negating the potential bullish reversal suggested by its earlier breakout from a downtrend channel. This breakdown indicates that sellers have regained control, reestablishing a bearish near-term bias for the pair.
The failure to sustain upward momentum following the channel breakout suggests underlying weakness, with the pair now likely to test lower support levels. The next significant technical support appears near the 1.0650–1.0680 zone, a breach of which could accelerate selling pressure toward the 1.0600 psychological level.
Momentum indicators align with the deteriorating price action. The Relative Strength Index, after hovering near neutral levels, has turned lower, reflecting increasing selling pressure. Meanwhile, the Moving Average Convergence Divergence has failed to cross above its zero line, confirming a lack of bullish conviction and supporting the case for further downside.
Resistance Levels: 1.1810, 1.1875
Support Levels:1.1620, 1.1540
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