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Bitcoin / Dollar intraday: the downside prevails as long as 42500 is resistance

2024-01-29
354

42500 is our pivot point.

Our preference: the downside prevails as long as 42500 is resistance.

Alternative scenario: above 42500, look for 43220 and 43650.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 42219 and 42273).

Supports and resistances:

43650 **

43220 *

42500 **

42220

41918 last

40910

40490 **

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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