Bitcoin Intraday: the downside prevails as long as 115490 is resistance
Aug 7, 2025 6:47 AM
the downside prevails as long as 115490 is resistance.
Our pivot point is at 115490.
Our preference:
the downside prevails as long as 115490 is resistance.
Alternative scenario:
above 115490, look for 116610 and 117270.
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 114796 and 114674).
Supports and resistances:
117270 **
116610 *
115490 **
115050
114612 last
113210
112550 **
111880 *
111220 **
Our preference:
the downside prevails as long as 115490 is resistance.
Alternative scenario:
above 115490, look for 116610 and 117270.
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 114796 and 114674).
Supports and resistances:
117270 **
116610 *
115490 **
115050
114612 last
113210
112550 **
111880 *
111220 **
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.
Related Instruments
Bitcoin
87839.71
-481.31999999999243
-54.50%
