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Bitcoin / Dollar intraday: target 42270

2023-12-26
1122

Our pivot point is at 43940.

Our preference: target 42270.

Alternative scenario: above 43940, look for 44590 and 44970.

Comment: the RSI is below its neutrality area at 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 (43503) but above its 50 period moving average (43402).

Supports and resistances:

44970 **

44590 *

43940 **

43690

43435 last

42660

42270 **

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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