Bitcoin Short Term: as long as 62210 is support look for 83860
Jun 4, 2024 1:29 AM
as long as 62210 is support look for 83860.
Our pivot point is at 62210.
Our preference: as long as 62210 is support look for 83860.
Alternative scenario: below 62210, expect 53810 and 48820.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68230 and 65111).
Supports and resistances:
93860 **
88860 *
83860 **
78860
68832 last
65500
62210 **
53810 *
48820 **
Our preference: as long as 62210 is support look for 83860.
Alternative scenario: below 62210, expect 53810 and 48820.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68230 and 65111).
Supports and resistances:
93860 **
88860 *
83860 **
78860
68832 last
65500
62210 **
53810 *
48820 **
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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