Bitcoin Intraday: the downside prevails as long as 106360 is resistance
Jun 4, 2025 7:50 PM
the downside prevails as long as 106360 is resistance.
106360 is our pivot point.
Our preference:
the downside prevails as long as 106360 is resistance.
Alternative scenario:
the upside breakout of 106360, would call for 108000 and 108970.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 105211 and 105471).
Supports and resistances:
108970 **
108000 *
106360 **
105720
105081 last
103000
102030 **
101060 *
100090 **
Our preference:
the downside prevails as long as 106360 is resistance.
Alternative scenario:
the upside breakout of 106360, would call for 108000 and 108970.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 105211 and 105471).
Supports and resistances:
108970 **
108000 *
106360 **
105720
105081 last
103000
102030 **
101060 *
100090 **
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.
Related Instruments
Bitcoin
88600.54
737.8499999999913
+84.00%
