Bitcoin Intraday: the downside prevails as long as 108480 is resistance
Jul 4, 2025 7:50 PM
the downside prevails as long as 108480 is resistance.
Our pivot point is at 108480.
Our preference:
the downside prevails as long as 108480 is resistance.
Alternative scenario:
above 108480, look for 109730 and 110480.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108132 and 108883).
Supports and resistances:
110480 **
109730 *
108480 **
107990
107495 last
105810
105070 **
104320 *
103580 **
Our preference:
the downside prevails as long as 108480 is resistance.
Alternative scenario:
above 108480, look for 109730 and 110480.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108132 and 108883).
Supports and resistances:
110480 **
109730 *
108480 **
107990
107495 last
105810
105070 **
104320 *
103580 **
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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