Bitcoin Intraday: the downside prevails as long as 64920 is resistance
Aug 2, 2024 7:25 AM
the downside prevails as long as 64920 is resistance.
64920 is our pivot point.
Our preference: the downside prevails as long as 64920 is resistance.
Alternative scenario: above 64920, look for 65870 and 66430.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64611 and 64208).
Supports and resistances:
66430 **
65870 *
64920 **
64550
64160 last
62700
62140 **
61580 *
61020 **
Our preference: the downside prevails as long as 64920 is resistance.
Alternative scenario: above 64920, look for 65870 and 66430.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64611 and 64208).
Supports and resistances:
66430 **
65870 *
64920 **
64550
64160 last
62700
62140 **
61580 *
61020 **
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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