Bitcoin Short Term: as long as 96110 is support look for 126960
Jun 3, 2025 10:04 AM
as long as 96110 is support look for 126960.
Our pivot point stands at 96110.
Our preference:
as long as 96110 is support look for 126960.
Alternative scenario:
the downside breakout of 96110 would call for 84810 and 78090.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (106628) but above its 50 period moving average (99460).
Supports and resistances:
140600 **
133780 *
126960 **
120140
105287 last
100550
96110 **
84810 *
78090 **
Our preference:
as long as 96110 is support look for 126960.
Alternative scenario:
the downside breakout of 96110 would call for 84810 and 78090.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (106628) but above its 50 period moving average (99460).
Supports and resistances:
140600 **
133780 *
126960 **
120140
105287 last
100550
96110 **
84810 *
78090 **
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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