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Bitcoin Intraday: as long as 77500 is resistance look for 75040
May 20, 2026 2:04 AM
as long as 77500 is resistance look for 75040.
77500 is our pivot point.
Our preference:
as long as 77500 is resistance look for 75040.
Alternative scenario:
above 77500, look for 78450 and 79020.
Comment:
the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands below its 20 and 50 period moving average (respectively at 76760 and 76753).
Supports and resistances:
79020 **
78450 *
77500 **
76750 last
75610
75040 **
74480 *
Our preference:
as long as 77500 is resistance look for 75040.
Alternative scenario:
above 77500, look for 78450 and 79020.
Comment:
the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands below its 20 and 50 period moving average (respectively at 76760 and 76753).
Supports and resistances:
79020 **
78450 *
77500 **
76750 last
75610
75040 **
74480 *
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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