Bitcoin Intraday: look for a drop towards 110730 before a bounce
Aug 28, 2025 2:04 AM
look for a drop towards 110730 before a bounce.
Our pivot point is at 110730.
Our preference:
look for a drop towards 110730 before a bounce.
Alternative scenario:
the downside breakout of 110730 would call for 109550 and 108850.
Comment:
the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (111782) but above its 50 period moving average (111482).
Supports and resistances:
115170 **
114460 *
113760 **
113060
111660 last
111190
110730 **
109550 *
108850 **
Our preference:
look for a drop towards 110730 before a bounce.
Alternative scenario:
the downside breakout of 110730 would call for 109550 and 108850.
Comment:
the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (111782) but above its 50 period moving average (111482).
Supports and resistances:
115170 **
114460 *
113760 **
113060
111660 last
111190
110730 **
109550 *
108850 **
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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Bitcoin
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