Bitcoin Intraday: Decline at a crossroads

Bitcoin (BTC/USD)
-1758.75-2.71%
The downside prevails as long as 65,226 is resistance, with 63,482 and 63,037 as targets
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Our pivot point is at 65,226.

Our preference: The downside prevails as long as 65,226 is resistance, with 63,482 and 63,037 as targets

Alternative scenario: above 65,226, look for 65,977 and 66,424.

Comment: Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.

Supports and resistances:
66,424 **
65,977 *
65,226 **
63,833 last
63,482
63,037 **
62,592 *

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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