Bitcoin Intraday: the downside prevails as long as 107050 is resistance
May 30, 2025 12:05 AM
the downside prevails as long as 107050 is resistance.
Our pivot point stands at 107050.
Our preference:
the downside prevails as long as 107050 is resistance.
Alternative scenario:
above 107050, look for 108730 and 109730.
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 106356 and 107433).
Supports and resistances:
109730 **
108730 *
107050 **
106390
105734 last
103590
102600 **
101600 *
100600 **
Our preference:
the downside prevails as long as 107050 is resistance.
Alternative scenario:
above 107050, look for 108730 and 109730.
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 106356 and 107433).
Supports and resistances:
109730 **
108730 *
107050 **
106390
105734 last
103590
102600 **
101600 *
100600 **
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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