Bitcoin Intraday: the downside prevails as long as 97920 is resistance
May 7, 2025 7:50 PM
the downside prevails as long as 97920 is resistance.
Our pivot point stands at 97920.
Our preference:
the downside prevails as long as 97920 is resistance.
Alternative scenario:
the upside breakout of 97920, would call for 99640 and 100660.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96788 and 96518).
Supports and resistances:
100660 **
99640 *
97920 **
97240
96292 last
93790
92770 **
91760 *
90740 **
Our preference:
the downside prevails as long as 97920 is resistance.
Alternative scenario:
the upside breakout of 97920, would call for 99640 and 100660.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 96788 and 96518).
Supports and resistances:
100660 **
99640 *
97920 **
97240
96292 last
93790
92770 **
91760 *
90740 **
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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