Bitcoin Intraday: rebound towards 99700
May 4, 2025 6:50 AM
rebound towards 99700.
Our pivot point stands at 94310.
Our preference:
rebound towards 99700.
Alternative scenario:
below 94310, expect 92220 and 90980.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96010 and 96158).
Supports and resistances:
102190 **
100950 *
99700 **
98460
95977 last
95120
94310 **
92220 *
90980 **
Our preference:
rebound towards 99700.
Alternative scenario:
below 94310, expect 92220 and 90980.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96010 and 96158).
Supports and resistances:
102190 **
100950 *
99700 **
98460
95977 last
95120
94310 **
92220 *
90980 **
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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