Bitcoin Intraday: the downside prevails as long as 68730 is resistance
Jun 3, 2024 12:41 AM
the downside prevails as long as 68730 is resistance.
Our pivot point is at 68730.
Our preference: the downside prevails as long as 68730 is resistance.
Alternative scenario: the upside breakout of 68730, would call for 70010 and 70760.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67831 and 67791).
Supports and resistances:
70760 **
70010 *
68730 **
68230
67729 last
66210
65460 **
64700 *
63940 **
Our preference: the downside prevails as long as 68730 is resistance.
Alternative scenario: the upside breakout of 68730, would call for 70010 and 70760.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67831 and 67791).
Supports and resistances:
70760 **
70010 *
68730 **
68230
67729 last
66210
65460 **
64700 *
63940 **
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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