Bitcoin Intraday: consolidation in place
Jul 29, 2025 3:24 AM
short positions below 119000 with targets at 117450 & 116840 in extension.
Pivot: 119000
Our preference:
short positions below 119000 with targets at 117450 & 116840 in extension.
Alternative scenario:
above 119000 look for further upside with 119820 & 120800 as targets.
Comment:
as long as 119000 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
120800
119820
119000
118363 Last
117450
116840
116000
Our preference:
short positions below 119000 with targets at 117450 & 116840 in extension.
Alternative scenario:
above 119000 look for further upside with 119820 & 120800 as targets.
Comment:
as long as 119000 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
120800
119820
119000
118363 Last
117450
116840
116000
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