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Bitcoin / Dollar intraday: the downside prevails as long as 42630 is resistance
2024-02-01
876
42630 is our pivot point.
Our preference: the downside prevails as long as 42630 is resistance.
Alternative scenario: above 42630, look for 43370 and 43810.
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 42293 and 42713).
Supports and resistances:
43810 **
43370 *
42630 **
42340
42035 last
41150
40710 **
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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