Bitcoin Intraday: rebound
May 29, 2025 2:05 AM
rebound.
Our pivot point is at 106840.
Our preference:
rebound.
Alternative scenario:
below 106840, expect 105120 and 104100.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (107645) but under its 50 period moving average (108216).
Supports and resistances:
113290 **
112270 *
111250 **
110230
108184 last
107510
106840 **
105120 *
104100 **
Our preference:
rebound.
Alternative scenario:
below 106840, expect 105120 and 104100.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (107645) but under its 50 period moving average (108216).
Supports and resistances:
113290 **
112270 *
111250 **
110230
108184 last
107510
106840 **
105120 *
104100 **
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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