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Bitcoin / Dollar intraday: as long as 42760 is resistance look for 40880

2024-01-29
294

Our pivot point is at 42760.

Our preference: as long as 42760 is resistance look for 40880.

Alternative scenario: the upside breakout of 42760, would call for 43480 and 43920.

Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (42175) but below its 50 period moving average (42196).

Supports and resistances:

43920 **

43480 *

42760 **

42470

42177 last

41310

40880 **

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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