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Bitcoin / Dollar intraday: the downside prevails as long as 43020 is resistance

2024-02-05
642

43020 is our pivot point.

Our preference: the downside prevails as long as 43020 is resistance.

Alternative scenario: the upside breakout of 43020, would call for 43770 and 44210.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 42613 and 42797).

Supports and resistances:

44210 **

43770 *

43020 **

42720

42430 last

41530

41080 **

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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