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Bitcoin / Dollar intraday: target 55460
2024-07-10
1089
Our pivot point stands at 58050.
Our preference: target 55460.
Alternative scenario: the upside breakout of 58050, would call for 58920 and 59430.
Comment: the RSI is below its neutrality area at 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 its 20 period moving average (57383) but above its 50 period moving average (56846).
Supports and resistances:
59430 **
58920 *
58050 **
57710
57054 last
55970
55460 **
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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