Bitcoin Intraday: rebound
Feb 24, 2025 7:50 AM
rebound.
Our pivot point is at 94750.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 94750 would call for 93430 and 92650.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95797 and 95861).
Supports and resistances:
99850 **
99060 *
98280 **
97490
95791 last
95270
94750 **
93430 *
92650 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 94750 would call for 93430 and 92650.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 95797 and 95861).
Supports and resistances:
99850 **
99060 *
98280 **
97490
95791 last
95270
94750 **
93430 *
92650 **
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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