Bitcoin Intraday: rebound
May 22, 2024 12:29 AM
rebound.

Our pivot point stands at 69080.
Our preference: rebound.
Alternative scenario: the downside breakout of 69080 would call for 67720 and 66910.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (69856) but below its 50 period moving average (70578).
Supports and resistances:
74220 **
73410 *
72610 **
71800
70176 last
69610
69080 **
67720 *
66910 **
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