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Bitcoin / Dollar intraday: under pressure below 64770
2024-05-08
1018
64770 is our pivot point.
Our preference: under pressure below 64770.
Alternative scenario: the upside breakout of 64770, would call for 66150 and 66970.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63750 and 63562).
Supports and resistances:
66970 **
66150 *
64770 **
64230
63480 last
61850
61030 **
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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