Bitcoin Intraday: the downside prevails as long as 103000 is resistance
Jan 29, 2025 2:02 PM
the downside prevails as long as 103000 is resistance.
Our pivot point is at 103000.
Our preference:
the downside prevails as long as 103000 is resistance.
Alternative scenario:
above 103000, look for 104540 and 105450.
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 102338 and 102083).
Supports and resistances:
105450 **
104540 *
103000 **
102400
101793 last
99970
99050 **
98140 *
97220 **
Our preference:
the downside prevails as long as 103000 is resistance.
Alternative scenario:
above 103000, look for 104540 and 105450.
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 102338 and 102083).
Supports and resistances:
105450 **
104540 *
103000 **
102400
101793 last
99970
99050 **
98140 *
97220 **
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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