Bitcoin Intraday: rebound towards 70070
May 31, 2024 8:50 PM
rebound towards 70070.
Our pivot point stands at 66440.
Our preference: rebound towards 70070.
Alternative scenario: the downside breakout of 66440 would call for 65170 and 64420.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67756 and 68132).
Supports and resistances:
71590 **
70830 *
70070 **
69320
67754 last
66940
66440 **
65170 *
64420 **
Our preference: rebound towards 70070.
Alternative scenario: the downside breakout of 66440 would call for 65170 and 64420.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67756 and 68132).
Supports and resistances:
71590 **
70830 *
70070 **
69320
67754 last
66940
66440 **
65170 *
64420 **
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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Bitcoin
69414
-187.17999999999302
-26.90%
