Bitcoin Intraday: look for a drop towards 106360 before a bounce
Jun 29, 2025 6:50 AM
look for a drop towards 106360 before a bounce.
Our pivot point stands at 106360.
Our preference:
look for a drop towards 106360 before a bounce.
Alternative scenario:
below 106360, expect 105090 and 104340.
Comment:
the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 107329 and 107341).
Supports and resistances:
111110 **
110360 *
109610 **
108860
107352 last
106850
106360 **
105090 *
104340 **
Our preference:
look for a drop towards 106360 before a bounce.
Alternative scenario:
below 106360, expect 105090 and 104340.
Comment:
the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 107329 and 107341).
Supports and resistances:
111110 **
110360 *
109610 **
108860
107352 last
106850
106360 **
105090 *
104340 **
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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