Bitcoin Intraday: look for a drop towards 103630 before a bounce
Jun 2, 2025 6:49 AM
look for a drop towards 103630 before a bounce.
Our pivot point stands at 103630.
Our preference:
look for a drop towards 103630 before a bounce.
Alternative scenario:
the downside breakout of 103630 would call for 101970 and 100980.
Comment:
the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading under its 20 period moving average (105250) but above its 50 period moving average (104833).
Supports and resistances:
110170 **
109170 *
108180 **
107190
105200 last
104290
103630 **
101970 *
100980 **
Our preference:
look for a drop towards 103630 before a bounce.
Alternative scenario:
the downside breakout of 103630 would call for 101970 and 100980.
Comment:
the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading under its 20 period moving average (105250) but above its 50 period moving average (104833).
Supports and resistances:
110170 **
109170 *
108180 **
107190
105200 last
104290
103630 **
101970 *
100980 **
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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