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Bitcoin / Dollar intraday: the upside prevails as long as 58700 is support
2024-05-03
1126
58700 is our pivot point.
Our preference: the upside prevails as long as 58700 is support.
Alternative scenario: the downside breakout of 58700 would call for 57370 and 56570.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59327 and 58712).
Supports and resistances:
63780 **
62980 *
62190 **
61390
59752 last
59230
58700 **
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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