Bitcoin Intraday: the downside prevails as long as 66500 is resistance
Jun 17, 2024 2:21 PM
the downside prevails as long as 66500 is resistance.
Our pivot point stands at 66500.
Our preference: the downside prevails as long as 66500 is resistance.
Alternative scenario: the upside breakout of 66500, would call for 67600 and 68260.
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 65970 and 66303).
Supports and resistances:
68260 **
67600 *
66500 **
66060
65365 last
64050
63400 **
62740 *
62090 **
Our preference: the downside prevails as long as 66500 is resistance.
Alternative scenario: the upside breakout of 66500, would call for 67600 and 68260.
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 65970 and 66303).
Supports and resistances:
68260 **
67600 *
66500 **
66060
65365 last
64050
63400 **
62740 *
62090 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
Bitcoin
69349.96
-620.1699999999983
-88.60%
