tradingkey.logo

Bitcoin Short Term: under pressure below 110360

Feb 4, 2025 11:05 AM
under pressure below 110360.
image
Our pivot point stands at 110360.
Our preference:
under pressure below 110360.
Alternative scenario:
above 110360, look for 121350 and 127890.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 102534 and 98991).
Supports and resistances:
127890 **
121350 *
110360 **
106040
98955 last
85320
79020 **
72730 *
66430 **
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.

Related Instruments

Bitcoin
95508.95
-851.28
-0.88%