Bitcoin Intraday: rebound towards 104490
Jan 29, 2025 1:05 AM
rebound towards 104490.
100420 is our pivot point.
Our preference:
rebound towards 104490.
Alternative scenario:
below 100420, expect 98890 and 97980.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 101770 and 102275).
Supports and resistances:
106320 **
105400 *
104490 **
103580
101750 last
101030
100420 **
98890 *
97980 **
Our preference:
rebound towards 104490.
Alternative scenario:
below 100420, expect 98890 and 97980.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 101770 and 102275).
Supports and resistances:
106320 **
105400 *
104490 **
103580
101750 last
101030
100420 **
98890 *
97980 **
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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