Bitcoin / Dollar intraday: look for a drop towards 65140 before a bounce
Our pivot point is at 65140.
Our preference: look for a drop towards 65140 before a bounce.
Alternative scenario: below 65140, expect 63530 and 62580.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading under its 20 period moving average (66548) but above its 50 period moving average (66489).
Supports and resistances:
71290 **
70330 *
69370 **
68420
66500 last
65770
65140 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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