Bitcoin Intraday: the upside prevails as long as 93460 is support
May 1, 2025 8:42 AM
the upside prevails as long as 93460 is support.
Our pivot point is at 93460.
Our preference:
the upside prevails as long as 93460 is support.
Alternative scenario:
the downside breakout of 93460 would call for 91390 and 90160.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 94777 and 94537).
Supports and resistances:
101250 **
100020 *
98790 **
97560
95100 last
94270
93460 **
91390 *
90160 **
Our preference:
the upside prevails as long as 93460 is support.
Alternative scenario:
the downside breakout of 93460 would call for 91390 and 90160.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 94777 and 94537).
Supports and resistances:
101250 **
100020 *
98790 **
97560
95100 last
94270
93460 **
91390 *
90160 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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