Bitcoin Intraday: the downside prevails as long as 118300 is resistance
Jul 21, 2025 12:02 AM
the downside prevails as long as 118300 is resistance.
Our pivot point is at 118300.
Our preference:
the downside prevails as long as 118300 is resistance.
Alternative scenario:
above 118300, look for 119540 and 120280.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118116 and 118069).
Supports and resistances:
120280 **
119540 *
118300 **
117810
117225 last
115720
114990 **
114250 *
113510 **
Our preference:
the downside prevails as long as 118300 is resistance.
Alternative scenario:
above 118300, look for 119540 and 120280.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118116 and 118069).
Supports and resistances:
120280 **
119540 *
118300 **
117810
117225 last
115720
114990 **
114250 *
113510 **
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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