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Bitcoin / Dollar intraday: the downside prevails as long as 62780 is resistance
2024-03-02
710
Our pivot point stands at 62780.
Our preference: the downside prevails as long as 62780 is resistance.
Alternative scenario: the upside breakout of 62780, would call for 63780 and 64370.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62223 and 62149).
Supports and resistances:
64370 **
63780 *
62780 **
62390
62000 last
60750
60160 **
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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