Bitcoin Intraday: the downside prevails as long as 69000 is resistance
May 28, 2024 7:32 AM
the downside prevails as long as 69000 is resistance.
Our pivot point is at 69000.
Our preference: the downside prevails as long as 69000 is resistance.
Alternative scenario: the upside breakout of 69000, would call for 70280 and 71040.
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 stands below its 20 and 50 period moving average (respectively at 68710 and 68970).
Supports and resistances:
71040 **
70280 *
69000 **
68500
67935 last
66230
65470 **
64720 *
63960 **
Our preference: the downside prevails as long as 69000 is resistance.
Alternative scenario: the upside breakout of 69000, would call for 70280 and 71040.
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 stands below its 20 and 50 period moving average (respectively at 68710 and 68970).
Supports and resistances:
71040 **
70280 *
69000 **
68500
67935 last
66230
65470 **
64720 *
63960 **
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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