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
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
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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