Bitcoin Intraday: look for a drop towards 110160 before a bounce
Sep 8, 2025 6:47 AM
look for a drop towards 110160 before a bounce.
Our pivot point stands at 110160.
Our preference:
look for a drop towards 110160 before a bounce.
Alternative scenario:
the downside breakout of 110160 would call for 108970 and 108260.
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 above its 20 and 50 period moving average (respectively at 111077 and 111079).
Supports and resistances:
114660 **
113950 *
113240 **
112530
111115 last
110630
110160 **
108970 *
108260 **
Our preference:
look for a drop towards 110160 before a bounce.
Alternative scenario:
the downside breakout of 110160 would call for 108970 and 108260.
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 above its 20 and 50 period moving average (respectively at 111077 and 111079).
Supports and resistances:
114660 **
113950 *
113240 **
112530
111115 last
110630
110160 **
108970 *
108260 **
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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