Bitcoin Short Term: the downside prevails as long as 106390 is resistance
Feb 11, 2025 11:05 AM
the downside prevails as long as 106390 is resistance.
Our pivot point is at 106390.
Our preference:
the downside prevails as long as 106390 is resistance.
Alternative scenario:
above 106390, look for 116500 and 122520.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 100305 and 98760).
Supports and resistances:
122520 **
116500 *
106390 **
102410
97985 last
85530
79570 **
73610 *
67650 **
Our preference:
the downside prevails as long as 106390 is resistance.
Alternative scenario:
above 106390, look for 116500 and 122520.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 100305 and 98760).
Supports and resistances:
122520 **
116500 *
106390 **
102410
97985 last
85530
79570 **
73610 *
67650 **
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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