Bitcoin Intraday: the upside prevails as long as 104490 is support
Jun 7, 2025 7:50 PM
the upside prevails as long as 104490 is support.
104490 is our pivot point.
Our preference:
the upside prevails as long as 104490 is support.
Alternative scenario:
below 104490, expect 102840 and 101870.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105514 and 105021).
Supports and resistances:
110790 **
109810 *
108830 **
107850
105777 last
105130
104490 **
102840 *
101870 **
Our preference:
the upside prevails as long as 104490 is support.
Alternative scenario:
below 104490, expect 102840 and 101870.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105514 and 105021).
Supports and resistances:
110790 **
109810 *
108830 **
107850
105777 last
105130
104490 **
102840 *
101870 **
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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