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Bitcoin / Dollar intraday: the downside prevails as long as 70880 is resistance
2024-04-01
686
Our pivot point is at 70880.
Our preference: the downside prevails as long as 70880 is resistance.
Alternative scenario: the upside breakout of 70880, would call for 72400 and 73300.
Comment: the RSI is below 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 70636 and 70551).
Supports and resistances:
73300 **
72400 *
70880 **
70290
69650 last
67560
66660 **
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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