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Bitcoin / Dollar intraday: the downside prevails as long as 58280 is resistance
2024-07-12
464
Our pivot point stands at 58280.
Our preference: the downside prevails as long as 58280 is resistance.
Alternative scenario: the upside breakout of 58280, would call for 59150 and 59670.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58052 and 57889).
Supports and resistances:
59670 **
59150 *
58280 **
57940
57523 last
56340
55820 **
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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