Bitcoin Intraday: technical rebound towards 78410 before a new drop

Bitcoin (BTC/USD)
-232.13-0.30%
technical rebound towards 78410 before a new drop.
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78410 is our pivot point.

Our preference: technical rebound towards 78410 before a new drop.

Alternative scenario: above 78410, look for 79370 and 79940.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (77429) but below its 50 period moving average (77545).

Supports and resistances:
79940 **
79370 *
78410 **
77523 last
76320
75750 **
75180 *

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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