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Bitcoin Intraday: the downside prevails as long as 69880 is resistance
Feb 9, 2026 2:01 PM
the downside prevails as long as 69880 is resistance.
69880 is our pivot point.
Our preference:
the downside prevails as long as 69880 is resistance.
Alternative scenario:
the upside breakout of 69880, would call for 70750 and 71270.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 69824 and 70437).
Supports and resistances:
71270 **
70750 *
69880 **
69540
68625 last
67590
67080 **
66570 *
66050 **
Our preference:
the downside prevails as long as 69880 is resistance.
Alternative scenario:
the upside breakout of 69880, would call for 70750 and 71270.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 69824 and 70437).
Supports and resistances:
71270 **
70750 *
69880 **
69540
68625 last
67590
67080 **
66570 *
66050 **
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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