Bitcoin Intraday: rebound towards 62400
Jul 3, 2024 9:39 AM
rebound towards 62400.
Our pivot point is at 60120.
Our preference: rebound towards 62400.
Alternative scenario: below 60120, expect 59260 and 58740.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61253 and 61845).
Supports and resistances:
63430 **
62920 *
62400 **
61890
60826 last
60460
60120 **
59260 *
58740 **
Our preference: rebound towards 62400.
Alternative scenario: below 60120, expect 59260 and 58740.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61253 and 61845).
Supports and resistances:
63430 **
62920 *
62400 **
61890
60826 last
60460
60120 **
59260 *
58740 **
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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