Bitcoin Intraday: the downside prevails as long as 94930 is resistance
Feb 3, 2025 3:05 AM
the downside prevails as long as 94930 is resistance.
94930 is our pivot point.
Our preference:
the downside prevails as long as 94930 is resistance.
Alternative scenario:
above 94930, look for 96340 and 97190.
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 96524 and 98209).
Supports and resistances:
97190 **
96340 *
94930 **
94370
93774 last
91820
90980 **
90140 *
89300 **
Our preference:
the downside prevails as long as 94930 is resistance.
Alternative scenario:
above 94930, look for 96340 and 97190.
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 96524 and 98209).
Supports and resistances:
97190 **
96340 *
94930 **
94370
93774 last
91820
90980 **
90140 *
89300 **
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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