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Bitcoin / Dollar intraday: rebound
2024-05-07
898
Our pivot point stands at 62350.
Our preference: rebound.
Alternative scenario: below 62350, expect 60980 and 60160.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (63480) but under its 50 period moving average (63743).
Supports and resistances:
67760 **
66940 *
66120 **
65300
63639 last
62880
62350 **
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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