Bitcoin Short Term: the downside prevails

Jul 8, 2024 7:06 AM

short positions below 64000 with targets at 50700 & 43800 in extension.

Pivot: 64000
Our preference: short positions below 64000 with targets at 50700 & 43800 in extension.
Alternative scenario: above 64000 look for further upside with 71000 & 73500 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
73500
71000
64000
55671 Last
50700
43800
38600

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