Bitcoin Intraday: as long as 101540 is support look for 106350
May 9, 2025 2:05 AM
as long as 101540 is support look for 106350.
Our pivot point is at 101540.
Our preference:
as long as 101540 is support look for 106350.
Alternative scenario:
below 101540, expect 99710 and 98620.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 102273 and 100532).
Supports and resistances:
108540 **
107440 *
106350 **
105260
102985 last
102260
101540 **
99710 *
98620 **
Our preference:
as long as 101540 is support look for 106350.
Alternative scenario:
below 101540, expect 99710 and 98620.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 102273 and 100532).
Supports and resistances:
108540 **
107440 *
106350 **
105260
102985 last
102260
101540 **
99710 *
98620 **
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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