Bitcoin / Dollar intraday: the RSI is overbought
Our pivot point stands at 33740.
Our preference: the upside prevails as long as 33740 is support.
Alternative scenario: the downside breakout of 33740 would call for 33270 and 32980.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32253 and 31282).
Supports and resistances:
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