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Bitcoin / Dollar intraday: as long as 56130 is support look for 58830

2024-02-28
362

Our pivot point stands at 56130.

Our preference: as long as 56130 is support look for 58830.

Alternative scenario: the downside breakout of 56130 would call for 55210 and 54670.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (56954) but above its 50 period moving average (56154).

Supports and resistances:

59930 **

59380 *

58830 **

58290

56893 last

56480

56130 **

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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