Bitcoin Intraday: the downside prevails as long as 95280 is resistance
May 6, 2025 1:02 PM
the downside prevails as long as 95280 is resistance.
Our pivot point is at 95280.
Our preference:
the downside prevails as long as 95280 is resistance.
Alternative scenario:
above 95280, look for 96950 and 97950.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94190 and 94315).
Supports and resistances:
97950 **
96950 *
95280 **
94620
93960 last
91970
90970 **
89970 *
88980 **
Our preference:
the downside prevails as long as 95280 is resistance.
Alternative scenario:
above 95280, look for 96950 and 97950.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94190 and 94315).
Supports and resistances:
97950 **
96950 *
95280 **
94620
93960 last
91970
90970 **
89970 *
88980 **
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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