BTC/USD Supported at 26774: Sally Ho’s Technical Analysis – 15 May 2023
Bitcoin (BTC/USD) remained confined to a relatively tight range early in the Asian session as the pair orbited the 26763.44 area, representing the 23.6% retracement of the recent depreciating range from 29850 to 25810. Technical demand pushed BTC/USD from the 26351 and 26729.78 levels during the improving retracement, recent downside price objectives related to selling pressure that intensified around the 28334.75 area. Additional related recent downside price objectives include the 27108, 27577, and 27647 areas. Stops were recently elected below the 27145, 27108, 26765, 26729, 26380, 26309, and 26203 levels during the depreciation, downside price objectives related to recent selling pressure around the 30500, 30050, 29850, 28334, and 27647 levels. Related downside price objectives include the 25474, 25442, 25124, 24705, 24440, 23208, and 22769 levels. Following recent price activity, areas of tec
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