Bitcoin Intraday: technical rebound towards 61700 before a new drop
Oct 4, 2024 12:05 AM
technical rebound towards 61700 before a new drop.
Our pivot point stands at 61700.
Our preference:
technical rebound towards 61700 before a new drop.
Alternative scenario:
the upside breakout of 61700, would call for 62880 and 63580.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (60640) but under its 50 period moving average (60787).
Supports and resistances:
63580 **
62880 *
61700 **
61240
60743 last
59340
58640 **
57940 *
57240 **
Our preference:
technical rebound towards 61700 before a new drop.
Alternative scenario:
the upside breakout of 61700, would call for 62880 and 63580.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (60640) but under its 50 period moving average (60787).
Supports and resistances:
63580 **
62880 *
61700 **
61240
60743 last
59340
58640 **
57940 *
57240 **
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
69181.99
-788.1399999999994
-112.60%
