Bitcoin Intraday: the downside prevails as long as 63800 is resistance
Oct 7, 2024 1:02 PM
the downside prevails as long as 63800 is resistance.
Our pivot point stands at 63800.
Our preference:
the downside prevails as long as 63800 is resistance.
Alternative scenario:
above 63800, look for 65020 and 65750.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63298 and 63008).
Supports and resistances:
65750 **
65020 *
63800 **
63330
62848 last
61400
60670 **
59950 *
59220 **
Our preference:
the downside prevails as long as 63800 is resistance.
Alternative scenario:
above 63800, look for 65020 and 65750.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63298 and 63008).
Supports and resistances:
65750 **
65020 *
63800 **
63330
62848 last
61400
60670 **
59950 *
59220 **
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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