Bitcoin Intraday: technical rebound towards 68240 before a new drop
Jun 12, 2024 12:59 AM
technical rebound towards 68240 before a new drop.
Our pivot point is at 68240.
Our preference: technical rebound towards 68240 before a new drop.
Alternative scenario: above 68240, look for 69370 and 70050.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (67035) but below its 50 period moving average (67489).
Supports and resistances:
70050 **
69370 *
68240 **
67790
67322 last
65970
65300 **
64630 *
63950 **
Our preference: technical rebound towards 68240 before a new drop.
Alternative scenario: above 68240, look for 69370 and 70050.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (67035) but below its 50 period moving average (67489).
Supports and resistances:
70050 **
69370 *
68240 **
67790
67322 last
65970
65300 **
64630 *
63950 **
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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