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Bitcoin / Dollar intraday: the downside prevails as long as 70580 is resistance

2024-04-01
731

Our pivot point stands at 70580.

Our preference: the downside prevails as long as 70580 is resistance.

Alternative scenario: above 70580, look for 72090 and 72980.

Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70374 and 70496).

Supports and resistances:

72980 **

72090 *

70580 **

69990

69400 last

67610

66710 **

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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