Bitcoin Intraday: rebound towards 118690
Aug 9, 2025 6:47 AM
rebound towards 118690.
Our pivot point stands at 115660.
Our preference:
rebound towards 118690.
Alternative scenario:
the downside breakout of 115660 would call for 114530 and 113850.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116666 and 116632).
Supports and resistances:
120040 **
119370 *
118690 **
118010
116606 last
116110
115660 **
114530 *
113850 **
Our preference:
rebound towards 118690.
Alternative scenario:
the downside breakout of 115660 would call for 114530 and 113850.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116666 and 116632).
Supports and resistances:
120040 **
119370 *
118690 **
118010
116606 last
116110
115660 **
114530 *
113850 **
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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