Bitcoin Intraday: under pressure below 61470
Jun 25, 2024 9:27 AM
under pressure below 61470.
Our pivot point stands at 61470.
Our preference: under pressure below 61470.
Alternative scenario: above 61470, look for 62420 and 62990.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 60780 and 60767).
Supports and resistances:
62990 **
62420 *
61470 **
61090
60714 last
59510
58940 **
58370 *
57800 **
Our preference: under pressure below 61470.
Alternative scenario: above 61470, look for 62420 and 62990.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 60780 and 60767).
Supports and resistances:
62990 **
62420 *
61470 **
61090
60714 last
59510
58940 **
58370 *
57800 **
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.
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