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Bitcoin / Dollar intraday: the downside prevails as long as 66910 is resistance

2024-03-07
195

Our pivot point stands at 66910.

Our preference: the downside prevails as long as 66910 is resistance.

Alternative scenario: the upside breakout of 66910, would call for 67970 and 68610.

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 66253 and 66491).

Supports and resistances:

68610 **

67970 *

66910 **

66500

66032 last

64770

64140 **

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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