Bitcoin Intraday: as long as 97930 is support look for 102480
May 8, 2025 1:02 PM
as long as 97930 is support look for 102480.
Our pivot point stands at 97930.
Our preference:
as long as 97930 is support look for 102480.
Alternative scenario:
below 97930, expect 96160 and 95100.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (99339) but above its 50 period moving average (98000).
Supports and resistances:
104580 **
103530 *
102480 **
101420
99317 last
98620
97930 **
96160 *
95100 **
Our preference:
as long as 97930 is support look for 102480.
Alternative scenario:
below 97930, expect 96160 and 95100.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (99339) but above its 50 period moving average (98000).
Supports and resistances:
104580 **
103530 *
102480 **
101420
99317 last
98620
97930 **
96160 *
95100 **
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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