Bitcoin Intraday: rebound towards 73070
Jun 7, 2024 3:47 AM
rebound towards 73070.
Our pivot point is at 69770.
Our preference: rebound towards 73070.
Alternative scenario: the downside breakout of 69770 would call for 68520 and 67780.
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 is trading under both its 20 and 50 period moving average (respectively at 70809 and 70975).
Supports and resistances:
74550 **
73810 *
73070 **
72330
70757 last
70260
69770 **
68520 *
67780 **
Our preference: rebound towards 73070.
Alternative scenario: the downside breakout of 69770 would call for 68520 and 67780.
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 is trading under both its 20 and 50 period moving average (respectively at 70809 and 70975).
Supports and resistances:
74550 **
73810 *
73070 **
72330
70757 last
70260
69770 **
68520 *
67780 **
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.
Related Instruments
Bitcoin
69234.39
-735.7400000000052
-105.20%
