Bitcoin Intraday: the upside prevails as long as 61890 is support
Jul 1, 2024 1:02 AM
the upside prevails as long as 61890 is support.

Our pivot point is at 61890.
Our preference: the upside prevails as long as 61890 is support.
Alternative scenario: the downside breakout of 61890 would call for 60900 and 60320.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61994 and 61470).
Supports and resistances:
65650 **
65060 *
64480 **
63890
62663 last
62280
61890 **
60900 *
60320 **
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