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Bitcoin Intraday: the downside prevails as long as 81970 is resistance
May 7, 2026 5:44 AM
the downside prevails as long as 81970 is resistance.
Our pivot point stands at 81970.
Our preference:
the downside prevails as long as 81970 is resistance.
Alternative scenario:
the upside breakout of 81970, would call for 83040 and 83680.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 81192 and 81510).
Supports and resistances:
83680 **
83040 *
81970 **
81042 last
79770
79130 **
78500 *
Our preference:
the downside prevails as long as 81970 is resistance.
Alternative scenario:
the upside breakout of 81970, would call for 83040 and 83680.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 81192 and 81510).
Supports and resistances:
83680 **
83040 *
81970 **
81042 last
79770
79130 **
78500 *
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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