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Bitcoin / Dollar intraday: the downside prevails as long as 41570 is resistance
2024-01-22
472
Our pivot point stands at 41570.
Our preference: the downside prevails as long as 41570 is resistance.
Alternative scenario: the upside breakout of 41570, would call for 42280 and 42700.
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 41384 and 41563).
Supports and resistances:
42700 **
42280 *
41570 **
41290
41017 last
40140
39720 **
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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