Bitcoin Intraday: the RSI is oversold
Apr 2, 2025 11:05 PM
the downside prevails as long as 84040 is resistance.
Our pivot point stands at 84040.
Our preference:
the downside prevails as long as 84040 is resistance.
Alternative scenario:
the upside breakout of 84040, would call for 85630 and 86580.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85654 and 85102). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 82874).
Supports and resistances:
86580 **
85630 *
84040 **
83410
82350 last
80250
79310 **
78370 *
77420 **
Our preference:
the downside prevails as long as 84040 is resistance.
Alternative scenario:
the upside breakout of 84040, would call for 85630 and 86580.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 85654 and 85102). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 82874).
Supports and resistances:
86580 **
85630 *
84040 **
83410
82350 last
80250
79310 **
78370 *
77420 **
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。
