Bitcoin Intraday: the downside prevails as long as 106380 is resistance
Jun 4, 2025 1:02 PM
the downside prevails as long as 106380 is resistance.
Our pivot point is at 106380.
Our preference:
the downside prevails as long as 106380 is resistance.
Alternative scenario:
the upside breakout of 106380, would call for 108010 and 108990.
Comment:
the RSI is below its neutrality area at 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 105458 and 105711).
Supports and resistances:
108990 **
108010 *
106380 **
105740
105100 last
103160
102190 **
101210 *
100240 **
Our preference:
the downside prevails as long as 106380 is resistance.
Alternative scenario:
the upside breakout of 106380, would call for 108010 and 108990.
Comment:
the RSI is below its neutrality area at 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 105458 and 105711).
Supports and resistances:
108990 **
108010 *
106380 **
105740
105100 last
103160
102190 **
101210 *
100240 **
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