Bitcoin Intraday: rebound

Jun 9, 2024 7:20 AM

rebound.

Our pivot point is at 68360.

Our preference: rebound.

Alternative scenario: the downside breakout of 68360 would call for 67140 and 66420.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (69281) but below its 50 period moving average (69348).

Supports and resistances:
72990 **
72260 *
71540 **
70810
69335 last
68840
68360 **
67140 *
66420 **

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