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Bitcoin / Dollar intraday: the downside prevails as long as 71040 is resistance
2024-03-27
393
Our pivot point is at 71040.
Our preference: the downside prevails as long as 71040 is resistance.
Alternative scenario: the upside breakout of 71040, would call for 72550 and 73450.
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 70203 and 70248).
Supports and resistances:
73450 **
72550 *
71040 **
70440
69845 last
68030
67130 **
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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