Bitcoin Intraday: the downside prevails as long as 65390 is resistance
Aug 1, 2024 12:38 AM
the downside prevails as long as 65390 is resistance.
65390 is our pivot point.
Our preference: the downside prevails as long as 65390 is resistance.
Alternative scenario: above 65390, look for 66340 and 66900.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 65570 and 65929).
Supports and resistances:
66900 **
66340 *
65390 **
65010
64606 last
63470
62910 **
62340 *
61770 **
Our preference: the downside prevails as long as 65390 is resistance.
Alternative scenario: above 65390, look for 66340 and 66900.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 65570 and 65929).
Supports and resistances:
66900 **
66340 *
65390 **
65010
64606 last
63470
62910 **
62340 *
61770 **
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