Bitcoin Intraday: the downside prevails as long as 118360 is resistance
Jul 21, 2025 2:02 AM
the downside prevails as long as 118360 is resistance.
Our pivot point stands at 118360.
Our preference:
the downside prevails as long as 118360 is resistance.
Alternative scenario:
above 118360, look for 119600 and 120340.
Comment:
the RSI is below 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 117840 and 118014).
Supports and resistances:
120340 **
119600 *
118360 **
117870
117379 last
115880
115140 **
114400 *
113660 **
Our preference:
the downside prevails as long as 118360 is resistance.
Alternative scenario:
above 118360, look for 119600 and 120340.
Comment:
the RSI is below 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 117840 and 118014).
Supports and resistances:
120340 **
119600 *
118360 **
117870
117379 last
115880
115140 **
114400 *
113660 **
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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