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Bitcoin Intraday: consolidation

Jul 29, 2025 12:08 AM
short positions below 119000 with targets at 116840 & 116000 in extension.
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Pivot: 119000
Our preference:
short positions below 119000 with targets at 116840 & 116000 in extension.
Alternative scenario:
above 119000 look for further upside with 119820 & 120800 as targets.
Comment:
as long as 119000 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
120800
119820
119000
118020 Last
116840
116000
114970
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