Bitcoin Intraday: the downside prevails as long as 106820 is resistance
Jun 4, 2025 12:05 AM
the downside prevails as long as 106820 is resistance.
106820 is our pivot point.
Our preference:
the downside prevails as long as 106820 is resistance.
Alternative scenario:
the upside breakout of 106820, would call for 108460 and 109440.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 106013 and 105738).
Supports and resistances:
109440 **
108460 *
106820 **
106180
105534 last
103450
102480 **
101500 *
100530 **
Our preference:
the downside prevails as long as 106820 is resistance.
Alternative scenario:
the upside breakout of 106820, would call for 108460 and 109440.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 106013 and 105738).
Supports and resistances:
109440 **
108460 *
106820 **
106180
105534 last
103450
102480 **
101500 *
100530 **
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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