Bitcoin Intraday: the downside prevails as long as 109910 is resistance
Jul 4, 2025 8:41 AM
the downside prevails as long as 109910 is resistance.
Our pivot point is at 109910.
Our preference:
the downside prevails as long as 109910 is resistance.
Alternative scenario:
the upside breakout of 109910, would call for 111180 and 111930.
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 stands below its 20 and 50 period moving average (respectively at 109239 and 109508).
Supports and resistances:
111930 **
111180 *
109910 **
109410
108899 last
107290
106540 **
105780 *
105030 **
Our preference:
the downside prevails as long as 109910 is resistance.
Alternative scenario:
the upside breakout of 109910, would call for 111180 and 111930.
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 stands below its 20 and 50 period moving average (respectively at 109239 and 109508).
Supports and resistances:
111930 **
111180 *
109910 **
109410
108899 last
107290
106540 **
105780 *
105030 **
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