Bitcoin Intraday: rebound towards 67820
Jul 31, 2024 4:32 AM
rebound towards 67820.
Our pivot point stands at 65210.
Our preference: rebound towards 67820.
Alternative scenario: the downside breakout of 65210 would call for 64240 and 63660.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 66113 and 66321).
Supports and resistances:
68980 **
68400 *
67820 **
67240
65987 last
65590
65210 **
64240 *
63660 **
Our preference: rebound towards 67820.
Alternative scenario: the downside breakout of 65210 would call for 64240 and 63660.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 66113 and 66321).
Supports and resistances:
68980 **
68400 *
67820 **
67240
65987 last
65590
65210 **
64240 *
63660 **
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.
Related Instruments
Bitcoin
69601.18
-368.95000000001164
-52.70%
