Bitcoin Intraday: the downside prevails as long as 110360 is resistance
May 28, 2025 12:05 AM
the downside prevails as long as 110360 is resistance.
Our pivot point stands at 110360.
Our preference:
the downside prevails as long as 110360 is resistance.
Alternative scenario:
above 110360, look for 112090 and 113120.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 109619 and 109424).
Supports and resistances:
113120 **
112090 *
110360 **
109680
108901 last
106840
105820 **
104790 *
103760 **
Our preference:
the downside prevails as long as 110360 is resistance.
Alternative scenario:
above 110360, look for 112090 and 113120.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 109619 and 109424).
Supports and resistances:
113120 **
112090 *
110360 **
109680
108901 last
106840
105820 **
104790 *
103760 **
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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