Bitcoin Intraday: the downside prevails as long as 69390 is resistance
May 31, 2024 8:08 AM
the downside prevails as long as 69390 is resistance.

Our pivot point stands at 69390.
Our preference: the downside prevails as long as 69390 is resistance.
Alternative scenario: the upside breakout of 69390, would call for 70670 and 71430.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68416 and 68324).
Supports and resistances:
71430 **
70670 *
69390 **
68880
68239 last
66710
65950 **
65190 *
64430 **
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