Bitcoin Intraday: below its lower Bollinger band
Jul 3, 2024 8:41 PM
rebound towards 61470.
Our pivot point is at 59100.
Our preference: rebound towards 61470.
Alternative scenario: below 59100, expect 58250 and 57750.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 60232 and 60913). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 59860).
Supports and resistances:
62490 **
61980 *
61470 **
60970
59813 last
59440
59100 **
58250 *
57750 **
Our preference: rebound towards 61470.
Alternative scenario: below 59100, expect 58250 and 57750.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 60232 and 60913). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 59860).
Supports and resistances:
62490 **
61980 *
61470 **
60970
59813 last
59440
59100 **
58250 *
57750 **
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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