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Bitcoin Intraday: the upside prevails as long as 78970 is support
May 4, 2026 7:14 PM
the upside prevails as long as 78970 is support.
78970 is our pivot point.
Our preference:
the upside prevails as long as 78970 is support.
Alternative scenario:
below 78970, expect 77750 and 77030.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 79565 and 79456).
Supports and resistances:
83030 *
82300 **
81580
80050 last
78970 **
77750 *
77030 **
Our preference:
the upside prevails as long as 78970 is support.
Alternative scenario:
below 78970, expect 77750 and 77030.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 79565 and 79456).
Supports and resistances:
83030 *
82300 **
81580
80050 last
78970 **
77750 *
77030 **
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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