Bitcoin Intraday: rebound
Jul 5, 2024 2:44 PM
rebound.
54770 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 54770 would call for 53980 and 53510.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (54716) but below its 50 period moving average (56410).
Supports and resistances:
58050 **
57580 *
57110 **
56640
55686 last
55080
54770 **
53980 *
53510 **
Our preference: rebound.
Alternative scenario: the downside breakout of 54770 would call for 53980 and 53510.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (54716) but below its 50 period moving average (56410).
Supports and resistances:
58050 **
57580 *
57110 **
56640
55686 last
55080
54770 **
53980 *
53510 **
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