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Bitcoin / Dollar intraday: look for a drop towards 33550 before a bounce

2023-10-25
538

Our pivot point is at 33550.

Our preference: look for a drop towards 33550 before a bounce.

Alternative scenario: below 33550, expect 33080 and 32790.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above its 20 period moving average (33887) but under its 50 period moving average (34068).

Supports and resistances:

35350 **

35060 *

34780 **

34500

33934 last

33730

33550 **

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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