Bitcoin Intraday: as long as 95150 is support look for 99640
May 7, 2025 6:50 AM
as long as 95150 is support look for 99640.
95150 is our pivot point.
Our preference:
as long as 95150 is support look for 99640.
Alternative scenario:
the downside breakout of 95150 would call for 93430 and 92410.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 96453 and 95180).
Supports and resistances:
101690 **
100660 *
99640 **
98610
96501 last
95830
95150 **
93430 *
92410 **
Our preference:
as long as 95150 is support look for 99640.
Alternative scenario:
the downside breakout of 95150 would call for 93430 and 92410.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 96453 and 95180).
Supports and resistances:
101690 **
100660 *
99640 **
98610
96501 last
95830
95150 **
93430 *
92410 **
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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