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Trading Analysis

Bitcoin Intraday: Rebound or deeper decline ahead?

Bitcoin (BTC/USD)

+370.70+0.58%

The downside prevails as long as 76,224 is resistance, with 73,442 and 72,987 as targets

Our pivot point is at 76,224.

Our preference: The downside prevails as long as 76,224 is resistance, with 73,442 and 72,987 as targets

Alternative scenario: above 76,224, look for 77,002 and 77,465.

Comment: As prices close in on our first target, this level may spark a pullback. However, a definitive break below it could pave the way for a deeper decline.

Supports and resistances:
77,465 **
77,002 *
76,224 **
74,254 last
73,442
72,987 **
72,531 *

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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