Bitcoin Intraday: the downside prevails as long as 68720 is resistance
Jun 2, 2024 8:44 PM
the downside prevails as long as 68720 is resistance.
Our pivot point is at 68720.
Our preference: the downside prevails as long as 68720 is resistance.
Alternative scenario: above 68720, look for 69990 and 70750.
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 67877 and 67780).
Supports and resistances:
70750 **
69990 *
68720 **
68220
67720 last
66040
65290 **
64530 *
63780 **
Our preference: the downside prevails as long as 68720 is resistance.
Alternative scenario: above 68720, look for 69990 and 70750.
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 67877 and 67780).
Supports and resistances:
70750 **
69990 *
68720 **
68220
67720 last
66040
65290 **
64530 *
63780 **
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