Bitcoin Intraday: rebound towards 69900
Jun 1, 2024 7:44 AM
rebound towards 69900.
Our pivot point is at 66610.
Our preference: rebound towards 69900.
Alternative scenario: the downside breakout of 66610 would call for 65340 and 64580.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (67553) but under its 50 period moving average (67730).
Supports and resistances:
71410 **
70660 *
69900 **
69140
67613 last
67100
66610 **
65340 *
64580 **
Our preference: rebound towards 69900.
Alternative scenario: the downside breakout of 66610 would call for 65340 and 64580.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (67553) but under its 50 period moving average (67730).
Supports and resistances:
71410 **
70660 *
69900 **
69140
67613 last
67100
66610 **
65340 *
64580 **
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
69504.76
-96.41999999999825
-13.90%
