Bitcoin Intraday: the downside prevails as long as 104610 is resistance
Jan 23, 2025 1:05 AM
the downside prevails as long as 104610 is resistance.
Our pivot point stands at 104610.
Our preference:
the downside prevails as long as 104610 is resistance.
Alternative scenario:
above 104610, look for 106240 and 107210.
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 103982 and 104739).
Supports and resistances:
107210 **
106240 *
104610 **
103970
103323 last
101260
100290 **
99320 *
98360 **
Our preference:
the downside prevails as long as 104610 is resistance.
Alternative scenario:
above 104610, look for 106240 and 107210.
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 103982 and 104739).
Supports and resistances:
107210 **
106240 *
104610 **
103970
103323 last
101260
100290 **
99320 *
98360 **
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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