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Bitcoin / Dollar intraday: under pressure below 52620
2024-02-21
392
52620 is our pivot point.
Our preference: under pressure below 52620.
Alternative scenario: above 52620, look for 53440 and 53940.
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 is trading under both its 20 and 50 period moving average (respectively at 52109 and 51973).
Supports and resistances:
53940 **
53440 *
52620 **
52290
51960 last
50970
50480 **
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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