Bitcoin Intraday: the downside prevails as long as 106110 is resistance
May 30, 2025 7:52 PM
the downside prevails as long as 106110 is resistance.
Our pivot point is at 106110.
Our preference:
the downside prevails as long as 106110 is resistance.
Alternative scenario:
the upside breakout of 106110, would call for 107770 and 108760.
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 105184 and 105572).
Supports and resistances:
108760 **
107770 *
106110 **
105460
104723 last
102500
101510 **
100530 *
99540 **
Our preference:
the downside prevails as long as 106110 is resistance.
Alternative scenario:
the upside breakout of 106110, would call for 107770 and 108760.
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 105184 and 105572).
Supports and resistances:
108760 **
107770 *
106110 **
105460
104723 last
102500
101510 **
100530 *
99540 **
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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