Bitcoin Intraday: the downside prevails as long as 63540 is resistance
Jul 2, 2024 7:41 AM
the downside prevails as long as 63540 is resistance.
Our pivot point stands at 63540.
Our preference: the downside prevails as long as 63540 is resistance.
Alternative scenario: above 63540, look for 64440 and 64970.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62934 and 62990).
Supports and resistances:
64970 **
64440 *
63540 **
63190
62804 last
61720
61180 **
60650 *
60120 **
Our preference: the downside prevails as long as 63540 is resistance.
Alternative scenario: above 63540, look for 64440 and 64970.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62934 and 62990).
Supports and resistances:
64970 **
64440 *
63540 **
63190
62804 last
61720
61180 **
60650 *
60120 **
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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