Bitcoin Intraday: the upside prevails as long as 103060 is support
May 11, 2025 7:50 PM
the upside prevails as long as 103060 is support.
Our pivot point stands at 103060.
Our preference:
the upside prevails as long as 103060 is support.
Alternative scenario:
below 103060, expect 101200 and 100090.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 104311 and 104066).
Supports and resistances:
110200 **
109090 *
107980 **
106870
104602 last
103800
103060 **
101200 *
100090 **
Our preference:
the upside prevails as long as 103060 is support.
Alternative scenario:
below 103060, expect 101200 and 100090.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 104311 and 104066).
Supports and resistances:
110200 **
109090 *
107980 **
106870
104602 last
103800
103060 **
101200 *
100090 **
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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