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Bitcoin / Dollar intraday: the downside prevails as long as 27560 is resistance
2023-10-04
1132
Our pivot point stands at 27560.
Our preference: the downside prevails as long as 27560 is resistance.
Alternative scenario: the upside breakout of 27560, would call for 27890 and 28080.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 27427 and 27533).
Supports and resistances:
28080 **
27890 *
27560 **
27430
27298 last
26880
26690 **
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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