Bitcoin Intraday: the RSI is overbought
Aug 11, 2025 4:02 AM
the upside prevails as long as 120780 is support.
120780 is our pivot point.
Our preference:
the upside prevails as long as 120780 is support.
Alternative scenario:
the downside breakout of 120780 would call for 119590 and 118890.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 119589 and 118856).
Supports and resistances:
125260 **
124550 *
123840 **
123140
121725 last
121240
120780 **
119590 *
118890 **
Our preference:
the upside prevails as long as 120780 is support.
Alternative scenario:
the downside breakout of 120780 would call for 119590 and 118890.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 119589 and 118856).
Supports and resistances:
125260 **
124550 *
123840 **
123140
121725 last
121240
120780 **
119590 *
118890 **
免責事項：当コンテンツ（分析・戦略等）は第三者機関Trading Centralが提供するもので、分析官の独立した見解に基づきます。投資家の財務状況や投資目的は考慮されておりません。全ての戦略的見解は投資助言ではなく、参考情報としてのみ提供されます。当社はその正確性を保証せず、戦略実施による結果について一切の責任を負いません。
