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Trading Analysis

Bitcoin Intraday: Watching for a Trigger Above Resistance

Bitcoin (BTC/USD)

+653.76+1.02%

Rebound above 63,519 towards 66,066

Our pivot point is at 63,519.

Our preference: Rebound above 63,519 towards 66,066

Alternative scenario: below 63,519, expect 62,716 and 62,238.

Comment: Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.

Supports and resistances:
66,548 *
66,066 **
65,585
64,919 last
63,519 **
62,716 *
62,238 **

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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