Bitcoin Short Term: the downside prevails as long as 61380 is resistance
Jul 9, 2024 1:25 AM
the downside prevails as long as 61380 is resistance.

Our pivot point stands at 61380.
Our preference: the downside prevails as long as 61380 is resistance.
Alternative scenario: above 61380, look for 67320 and 70850.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 60546 and 65156).
Supports and resistances:
70850 **
67320 *
61380 **
59050
56718 last
49590
46060 **
42530 *
39000 **
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