Bitcoin Intraday: the downside prevails as long as 110110 is resistance
May 28, 2025 2:05 AM
the downside prevails as long as 110110 is resistance.
Our pivot point stands at 110110.
Our preference:
the downside prevails as long as 110110 is resistance.
Alternative scenario:
the upside breakout of 110110, would call for 111830 and 112860.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 109430 and 109409).
Supports and resistances:
112860 **
111830 *
110110 **
109430
108741 last
106670
105640 **
104610 *
103590 **
Our preference:
the downside prevails as long as 110110 is resistance.
Alternative scenario:
the upside breakout of 110110, would call for 111830 and 112860.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 109430 and 109409).
Supports and resistances:
112860 **
111830 *
110110 **
109430
108741 last
106670
105640 **
104610 *
103590 **
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.
Related Instruments
Bitcoin
87320.71
-541.9799999999959
-61.70%
