Bitcoin Intraday: the downside prevails as long as 63650 is resistance
Jul 2, 2024 2:47 AM
the downside prevails as long as 63650 is resistance.
Our pivot point is at 63650.
Our preference: the downside prevails as long as 63650 is resistance.
Alternative scenario: the upside breakout of 63650, would call for 64550 and 65080.
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 63091 and 63057).
Supports and resistances:
65080 **
64550 *
63650 **
63300
62927 last
61800
61270 **
60740 *
60210 **
Our preference: the downside prevails as long as 63650 is resistance.
Alternative scenario: the upside breakout of 63650, would call for 64550 and 65080.
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 63091 and 63057).
Supports and resistances:
65080 **
64550 *
63650 **
63300
62927 last
61800
61270 **
60740 *
60210 **
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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