Bitcoin Intraday: the downside prevails as long as 58210 is resistance
Jul 10, 2024 8:41 PM
the downside prevails as long as 58210 is resistance.

Our pivot point is at 58210.
Our preference: the downside prevails as long as 58210 is resistance.
Alternative scenario: the upside breakout of 58210, would call for 59080 and 59600.
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 57922 and 58149).
Supports and resistances:
59600 **
59080 *
58210 **
57870
57499 last
56420
55900 **
55390 *
54870 **
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