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Bitcoin / Dollar intraday: under pressure below 42770

2024-01-29
238

42770 is our pivot point.

Our preference: under pressure below 42770.

Alternative scenario: above 42770, look for 43500 and 43930.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 42138 and 42225).

Supports and resistances:

43930 **

43500 *

42770 **

42490

42090 last

41230

40800 **

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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