Bitcoin Intraday: look for a drop towards 107810 before a bounce
Jul 9, 2025 6:50 AM
look for a drop towards 107810 before a bounce.
107810 is our pivot point.
Our preference:
look for a drop towards 107810 before a bounce.
Alternative scenario:
the downside breakout of 107810 would call for 106660 and 105980.
Comment:
the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108730 and 108682).
Supports and resistances:
112170 **
111490 *
110800 **
110120
108747 last
108260
107810 **
106660 *
105980 **
Our preference:
look for a drop towards 107810 before a bounce.
Alternative scenario:
the downside breakout of 107810 would call for 106660 and 105980.
Comment:
the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108730 and 108682).
Supports and resistances:
112170 **
111490 *
110800 **
110120
108747 last
108260
107810 **
106660 *
105980 **
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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