Bitcoin Bitcoin (BTC/USD) encountered some buying pressure early in today’s Asian session as the pair moved back to the 9140.00 area after steadily drifting lower from the 9475.00 area in yesterday’s trading activity. Profit-taking was generally orderly in yesterday’s European and North American sessions and this selling pressure pair took price activity as low as the 8919.72 area. During today’s early rebound, the pair traded just above the 9131.84 area, representing the 38.2% retracement of the move lower from 9475.00 to 8919.72. BTC/USD’s orderly decline saw the pair weaken to just below the 8930.17 area during yesterday’s North American session, representing the 38.2% retracement of the move from 8048.75 to 9475.00. The pair’s upside price targets including 9532.39 have been well-documented and technicians are now eyeing some important levels in the event that BTC/USD consolidates further recent gains. These include Bids between the 8744 – 8761 levels with Stops seen below and additional Bids expected around the 8545 and 8593 area with Stops likely in place below these areas. Price activity is nearest the 50-bar MA (4-hourly) at 8569.67 and the 100-bar MA (Hourly) at 9008.36. Technical Support is expected around 8761.88/ 8545.42/ 8385.35 with Stops expected below. Technical Resistance is expected around 9532.19/ 9948.12/ 11510.44 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.   Ethereum Ethereum (ETH/USD) extended recent losses early in today’s Asian session as the pair fell to the 262.77 area after trading as low as the 261.00 level in yesterday’s North American session. Some Stops were elected below the 263.60 area during yesterday’s North American session, representing the 38.2% retracement of the move from 222.88 to 288.77.  Earlier yesterday, Stops were triggered below the 266.49 area and accelerated the pair’s decline, a retracement area that represents the 23.6% of the move from 226.56 to 278.83. ETH/USD’s upside price objectives include important levels such as the 288.77 and the 289.64 areas. Below current market activity, technical Support may be seen between the 257.22 and 258.86 areas with some additional buying pressure between the 249.90 and 252.70 areas. Also, technical Support is likely in place between 246.53 and 248.05. On 60-minute charts, the 50-bar MA is quickly Bearishly converging with the 100-bar MA. Price activity is nearest the 50-bar MA (4-hourly) at 260.40 and the 200-bar MA (Hourly) at 259.87. Technical Support is expected around 258.86/ 252.70/ 246.53 with Stops expected below. Technical Resistance is expected around 288.77/ 293.56/ 302.20 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.