Bitcoin Intraday: the downside prevails as long as 102020 is resistance
Jan 7, 2025 2:02 PM
the downside prevails as long as 102020 is resistance.
Our pivot point is at 102020.
Our preference:
the downside prevails as long as 102020 is resistance.
Alternative scenario:
above 102020, look for 103790 and 104840.
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 stands below its 20 and 50 period moving average (respectively at 101411 and 101615).
Supports and resistances:
104840 **
103790 *
102020 **
101320
100630 last
98530
97470 **
96420 *
95370 **
Our preference:
the downside prevails as long as 102020 is resistance.
Alternative scenario:
above 102020, look for 103790 and 104840.
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 stands below its 20 and 50 period moving average (respectively at 101411 and 101615).
Supports and resistances:
104840 **
103790 *
102020 **
101320
100630 last
98530
97470 **
96420 *
95370 **
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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