Bitcoin Short Term: consolidation in place
May 13, 2024 7:41 AM
short positions below 67000 with targets at 53000 & 47000 in extension.
Pivot: 67000
Our preference: short positions below 67000 with targets at 53000 & 47000 in extension.
Alternative scenario: above 67000 look for further upside with 73000 & 79500 as targets.
Comment: as long as 67000 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
79500
73000
67000
61624 Last
53000
47000
38600
Our preference: short positions below 67000 with targets at 53000 & 47000 in extension.
Alternative scenario: above 67000 look for further upside with 73000 & 79500 as targets.
Comment: as long as 67000 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
79500
73000
67000
61624 Last
53000
47000
38600
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
89994.91
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-262.80%
