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Bitcoin / Dollar intraday: the downside prevails as long as 63110 is resistance
2024-05-08
613
Our pivot point is at 63110.
Our preference: the downside prevails as long as 63110 is resistance.
Alternative scenario: the upside breakout of 63110, would call for 64450 and 65250.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62333 and 62771).
Supports and resistances:
65250 **
64450 *
63110 **
62580
61898 last
60300
59500 **
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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