Bitcoin Intraday: the upside prevails as long as 113790 is support
Aug 4, 2025 2:04 AM
the upside prevails as long as 113790 is support.
Our pivot point stands at 113790.
Our preference:
the upside prevails as long as 113790 is support.
Alternative scenario:
the downside breakout of 113790 would call for 112640 and 111960.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 114386 and 113953).
Supports and resistances:
118100 **
117420 *
116740 **
116050
114688 last
114240
113790 **
112640 *
111960 **
Our preference:
the upside prevails as long as 113790 is support.
Alternative scenario:
the downside breakout of 113790 would call for 112640 and 111960.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 114386 and 113953).
Supports and resistances:
118100 **
117420 *
116740 **
116050
114688 last
114240
113790 **
112640 *
111960 **
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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