Bitcoin / Dollar intraday: the downside prevails as long as 9404 is resistance
Our pivot point is at 9404.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 9316 and 9334).
Alternative scenario:
the upside breakout of 9404, would call for 9531 and 9606.
Our preference:
the downside prevails as long as 9404 is resistance.