Bitcoin Intraday: under pressure below 64630
Oct 1, 2024 1:02 PM
under pressure below 64630.
Our pivot point is at 64630.
Our preference:
under pressure below 64630.
Alternative scenario:
the upside breakout of 64630, would call for 65870 and 66600.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63842 and 63679).
Supports and resistances:
66600 **
65870 *
64630 **
64150
63664 last
62200
61460 **
60730 *
59990 **
Our preference:
under pressure below 64630.
Alternative scenario:
the upside breakout of 64630, would call for 65870 and 66600.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63842 and 63679).
Supports and resistances:
66600 **
65870 *
64630 **
64150
63664 last
62200
61460 **
60730 *
59990 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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