Bitcoin Short Term: bullish bias above 52000
Sep 2, 2024 1:08 AM
long positions above 52000 with targets at 64500 & 69000 in extension.
Pivot: 52000
Our preference:
long positions above 52000 with targets at 64500 & 69000 in extension.
Alternative scenario:
below 52000 look for further downside with 45000 & 38500 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
73800
69000
64500
57459 Last
52000
45000
38500
Our preference:
long positions above 52000 with targets at 64500 & 69000 in extension.
Alternative scenario:
below 52000 look for further downside with 45000 & 38500 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
73800
69000
64500
57459 Last
52000
45000
38500
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
68896.87
-1811.840000000011
-256.20%
