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Bitcoin / Dollar intraday: look for a drop towards 61210 before a bounce
2024-03-01
854
Our pivot point stands at 61210.
Our preference: look for a drop towards 61210 before a bounce.
Alternative scenario: the downside breakout of 61210 would call for 60210 and 59620.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is below its 20 period moving average (62226) but above its 50 period moving average (62017).
Supports and resistances:
65240 **
64650 *
64050 **
63460
62046 last
61600
61210 **
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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