Bitcoin / Dollar intraday: the RSI is overbought
Our pivot point is at 33930.
Our preference: the upside prevails as long as 33930 is support.
Alternative scenario: below 33930, expect 33450 and 33170.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32792 and 31541).
Supports and resistances:
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