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Bitcoin / Dollar intraday: the upside prevails as long as 50350 is support
2024-02-24
790
Our pivot point is at 50350.
Our preference: the upside prevails as long as 50350 is support.
Alternative scenario: below 50350, expect 49540 and 49060.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 50860 and 50970).
Supports and resistances:
53420 **
52940 *
52450 **
51970
51001 last
50670
50350 **
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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