Bitcoin Intraday: rebound towards 58640
Sep 4, 2024 1:02 PM
rebound towards 58640.

Our pivot point stands at 55690.
Our preference:
rebound towards 58640.
Alternative scenario:
the downside breakout of 55690 would call for 54550 and 53860.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (56575) but below its 50 period moving average (57277).
Supports and resistances:
60010 **
59330 *
58640 **
57960
56595 last
56140
55690 **
54550 *
53860 **
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