Bitcoin Short Term: the downside prevails as long as 61380 is resistance
Jul 9, 2024 1:25 AM
the downside prevails as long as 61380 is resistance.
Our pivot point stands at 61380.
Our preference: the downside prevails as long as 61380 is resistance.
Alternative scenario: above 61380, look for 67320 and 70850.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 60546 and 65156).
Supports and resistances:
70850 **
67320 *
61380 **
59050
56718 last
49590
46060 **
42530 *
39000 **
Our preference: the downside prevails as long as 61380 is resistance.
Alternative scenario: above 61380, look for 67320 and 70850.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 60546 and 65156).
Supports and resistances:
70850 **
67320 *
61380 **
59050
56718 last
49590
46060 **
42530 *
39000 **
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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