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Bitcoin / Dollar intraday: the downside prevails as long as 34700 is resistance

2023-10-26
1129

Our pivot point is at 34700.

Our preference: the downside prevails as long as 34700 is resistance.

Alternative scenario: above 34700, look for 35180 and 35460.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 34462 and 34583).

Supports and resistances:

35460 **

35180 *

34700 **

34510

34320 last

33710

33430 **

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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