Bitcoin Intraday: rebound
Oct 3, 2024 2:05 AM
rebound.
Our pivot point is at 60050.
Our preference:
rebound.
Alternative scenario:
below 60050, expect 58870 and 58170.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (60909) but under its 50 period moving average (61251).
Supports and resistances:
64540 **
63840 *
63140 **
62430
61024 last
60520
60050 **
58870 *
58170 **
Our preference:
rebound.
Alternative scenario:
below 60050, expect 58870 and 58170.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (60909) but under its 50 period moving average (61251).
Supports and resistances:
64540 **
63840 *
63140 **
62430
61024 last
60520
60050 **
58870 *
58170 **
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