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Bitcoin Short Term: under pressure

Sep 1, 2025 7:06 AM
short positions below 116840 with targets at 99270 & 94540 in extension.
image
Pivot: 116840
Our preference:
short positions below 116840 with targets at 99270 & 94540 in extension.
Alternative scenario:
above 116840 look for further upside with 124910 & 129720 as targets.
Comment:
the RSI is bearish and calls for further downside.
Supports and resistances:
129720
124910
116840
108155 Last
99270
94540
89810
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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