Bitcoin Intraday: the upside prevails as long as 56440 is support
Aug 8, 2024 4:38 AM
the upside prevails as long as 56440 is support.

56440 is our pivot point.
Our preference: the upside prevails as long as 56440 is support.
Alternative scenario: below 56440, expect 55600 and 55100.
Comment: the RSI is above 50. 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 55762 and 56363).
Supports and resistances:
59640 **
59140 *
58640 **
58140
57103 last
56770
56440 **
55600 *
55100 **
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