Bitcoin Intraday: rebound

May 28, 2025 8:40 AM

rebound.

Our pivot point stands at 107350.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 107350 would call for 105620 and 104600.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (108906) but below its 50 period moving average (109408).
Supports and resistances:
114230 **
113200 *
112170 **
111140
109077 last
108020
107350 **
105620 *
104600 **

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