Bitcoin Intraday: the downside prevails as long as 110290 is resistance
Jul 4, 2025 4:05 AM
the downside prevails as long as 110290 is resistance.
Our pivot point stands at 110290.
Our preference:
the downside prevails as long as 110290 is resistance.
Alternative scenario:
the upside breakout of 110290, would call for 111570 and 112320.
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 stands below its 20 and 50 period moving average (respectively at 109630 and 109549).
Supports and resistances:
112320 **
111570 *
110290 **
109790
109292 last
107760
107010 **
106250 *
105490 **
Our preference:
the downside prevails as long as 110290 is resistance.
Alternative scenario:
the upside breakout of 110290, would call for 111570 and 112320.
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 stands below its 20 and 50 period moving average (respectively at 109630 and 109549).
Supports and resistances:
112320 **
111570 *
110290 **
109790
109292 last
107760
107010 **
106250 *
105490 **
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