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Bitcoin / Dollar intraday: as long as 45140 is support look for 47140

2024-01-02
483

Our pivot point stands at 45140.

Our preference: as long as 45140 is support look for 47140.

Alternative scenario: the downside breakout of 45140 would call for 44430 and 44010.

Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 45330 and 43957).

Supports and resistances:

47990 **

47560 *

47140 **

46720

45705 last

45420

45140 **

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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