Bitcoin / Dollar intraday: the downside prevails as long as 7546 is resistance
7546 is our pivot point.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 7456 and 7450).
Alternative scenario:
the upside breakout of 7546, would call for 7648 and 7708.
Our preference:
the downside prevails as long as 7546 is resistance.