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Bitcoin / Dollar intraday: target 41800
2024-02-07
946
43640 is our pivot point.
Our preference: target 41800.
Alternative scenario: the upside breakout of 43640, would call for 44340 and 44770.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (43160) but above its 50 period moving average (42951).
Supports and resistances:
44770 **
44340 *
43640 **
43360
43069 last
42230
41800 **
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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