Chart the Market (13/05/2025)

BTC, H4: 

Bitcoin extended its uptrend last week, breaking above the long-term 61.8% Fibonacci retracement level at $96,000 and climbing toward the all-time high territory just below $110,000. However, after a sharp 9% rally, momentum is beginning to show signs of fatigue, with traders eyeing potential technical retracement.

Key support now lies near the $98,000 mark—aligned with Bitcoin’s long-term uptrend line. A sustained hold above this level would likely keep the bullish trajectory intact.

Momentum indicators are pointing to an easing in upside pressure. The Relative Strength Index (RSI) has cooled from overbought territory and is now approaching the 50 mark, while the MACD has formed a bearish crossover and is descending toward the zero line. Together, the signals suggest a potential pause or pullback in the rally, though the broader trend remains constructive above key support.

Resistance Levels: 109,250.00, 114,000.00

Support Levels: 96,000.00, 91,800.00

EURUSD, H4

The euro extended its decline against the U.S. dollar, slipping to 1.1070—its lowest level in a month. A decisive break below this level could confirm a strong bearish signal for the pair. While early signs of a short-term rebound have emerged, the pair remains capped below a key fair-value gap left by its prior downtrend, reinforcing the downside bias.

Technical indicators underscore the prevailing weakness. The Relative Strength Index (RSI) has entered oversold territory, while the MACD continues to trend lower after crossing below the zero line—both signaling that bearish momentum is building.

Unless EUR/USD reclaims ground above the fair-value gap, the pair appears poised to extend its downward trajectory.

Resistance Levels: 1.1200, 1.1340

Support Levels: 1.1070, 1.0960