Bitcoin Intraday: the upside prevails as long as 61320 is support
Oct 4, 2024 7:50 PM
the upside prevails as long as 61320 is support.
61320 is our pivot point.
Our preference:
the upside prevails as long as 61320 is support.
Alternative scenario:
the downside breakout of 61320 would call for 60120 and 59400.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61743 and 61317).
Supports and resistances:
66010 **
65290 *
64570 **
63850
62316 last
61800
61320 **
60120 *
59400 **
Our preference:
the upside prevails as long as 61320 is support.
Alternative scenario:
the downside breakout of 61320 would call for 60120 and 59400.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61743 and 61317).
Supports and resistances:
66010 **
65290 *
64570 **
63850
62316 last
61800
61320 **
60120 *
59400 **
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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