Bitcoin Short Term: the downside prevails
Jul 1, 2024 7:11 AM
short positions below 67000 with targets at 57000 & 50500 in extension.
Pivot: 67000
Our preference: short positions below 67000 with targets at 57000 & 50500 in extension.
Alternative scenario: above 67000 look for further upside with 71000 & 73500 as targets.
Comment: as long as the resistance at 67000 is not surpassed, the risk of the break below 57000 remains high.
Supports and resistances:
73500
71000
67000
63312 Last
57000
50500
46500
Our preference: short positions below 67000 with targets at 57000 & 50500 in extension.
Alternative scenario: above 67000 look for further upside with 71000 & 73500 as targets.
Comment: as long as the resistance at 67000 is not surpassed, the risk of the break below 57000 remains high.
Supports and resistances:
73500
71000
67000
63312 Last
57000
50500
46500
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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Bitcoin
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