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Bitcoin / Dollar intraday: the downside prevails as long as 43240 is resistance

2024-02-05
346

Our pivot point stands at 43240.

Our preference: the downside prevails as long as 43240 is resistance.

Alternative scenario: the upside breakout of 43240, would call for 43990 and 44440.

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 42870 and 42915).

Supports and resistances:

44440 **

43990 *

43240 **

42940

42649 last

41710

41270 **

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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