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Bitcoin / Dollar intraday: target 68540

2024-04-09
569

Our pivot point stands at 72850.

Our preference: target 68540.

Alternative scenario: above 72850, look for 74470 and 75440.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (71710) but above its 50 period moving average (71128).

Supports and resistances:

75440 **

74470 *

72850 **

72220

71468 last

69500

68540 **

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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