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Bitcoin / Dollar intraday: the RSI is overbought

2024-01-02
771

44340 is our pivot point.

Our preference: the upside prevails as long as 44340 is support.

Alternative scenario: below 44340, expect 43640 and 43230.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 43782 and 43045).

Supports and resistances:

47080 **

46660 *

46250 **

45830

45000 last

44610

44340 **

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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