Bitcoin Short Term: technical rebound in a bearish trend

Sep 8, 2025 7:12 AM

short positions below 116840 with targets at 99260 & 94540 in extension.

Pivot: 116840
Our preference:
short positions below 116840 with targets at 99260 & 94540 in extension.
Alternative scenario:
above 116840 look for further upside with 124910 & 129720 as targets.
Comment:
the RSI shows downside momentum.
Supports and resistances:
129720
124910
116840
111517 Last
99260
94540
89630

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