Bitcoin Intraday: the downside prevails as long as 104740 is resistance
May 19, 2025 8:40 AM
the downside prevails as long as 104740 is resistance.
Our pivot point is at 104740.
Our preference:
the downside prevails as long as 104740 is resistance.
Alternative scenario:
above 104740, look for 106580 and 107670.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104047 and 104330).
Supports and resistances:
107670 **
106580 *
104740 **
104010
103169 last
100980
99890 **
98790 *
97700 **
Our preference:
the downside prevails as long as 104740 is resistance.
Alternative scenario:
above 104740, look for 106580 and 107670.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 104047 and 104330).
Supports and resistances:
107670 **
106580 *
104740 **
104010
103169 last
100980
99890 **
98790 *
97700 **
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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