Bitcoin Intraday: the downside prevails as long as 106040 is resistance
Jun 5, 2025 12:05 AM
the downside prevails as long as 106040 is resistance.
Our pivot point stands at 106040.
Our preference:
the downside prevails as long as 106040 is resistance.
Alternative scenario:
above 106040, look for 107670 and 108640.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 105016 and 105275).
Supports and resistances:
108640 **
107670 *
106040 **
105400
104762 last
102810
101840 **
100870 *
99900 **
Our preference:
the downside prevails as long as 106040 is resistance.
Alternative scenario:
above 106040, look for 107670 and 108640.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 105016 and 105275).
Supports and resistances:
108640 **
107670 *
106040 **
105400
104762 last
102810
101840 **
100870 *
99900 **
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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