Bitcoin Intraday: the downside prevails as long as 69920 is resistance
Jun 4, 2024 8:03 AM
the downside prevails as long as 69920 is resistance.

Our pivot point stands at 69920.
Our preference: the downside prevails as long as 69920 is resistance.
Alternative scenario: above 69920, look for 71130 and 71850.
Comment: the RSI is below its neutrality area at 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 69027 and 69135).
Supports and resistances:
71850 **
71130 *
69920 **
69440
68919 last
67460
66730 **
66010 *
65290 **
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