Bitcoin Intraday: rebound
Sep 6, 2024 2:05 AM
rebound.

Our pivot point is at 55600.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 55600 would call for 54460 and 53780.
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 is trading above its 20 period moving average (56258) but under its 50 period moving average (56665).
Supports and resistances:
59970 **
59280 *
58600 **
57920
56551 last
56050
55600 **
54460 *
53780 **
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