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Bitcoin / Dollar intraday: the downside prevails as long as 48590 is resistance
2024-02-12
593
48590 is our pivot point.
Our preference: the downside prevails as long as 48590 is resistance.
Alternative scenario: above 48590, look for 49380 and 49850.
Comment: the RSI is below its neutrality area at 50. 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 48070 and 48182).
Supports and resistances:
49850 **
49380 *
48590 **
48280
47876 last
46940
46470 **
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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