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Bitcoin / Dollar intraday: the downside prevails as long as 58430 is resistance
2024-07-10
925
Our pivot point stands at 58430.
Our preference: the downside prevails as long as 58430 is resistance.
Alternative scenario: the upside breakout of 58430, would call for 59300 and 59820.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58470 and 58129).
Supports and resistances:
59820 **
59300 *
58430 **
58080
57726 last
56490
55970 **
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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