Bitcoin Short Term: the downside prevails as long as 95340 is resistance
Mar 4, 2025 11:06 AM
the downside prevails as long as 95340 is resistance.
Our pivot point is at 95340.
Our preference:
the downside prevails as long as 95340 is resistance.
Alternative scenario:
above 95340, look for 106320 and 112860.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92336 and 97343).
Supports and resistances:
112860 **
106320 *
95340 **
91030
83856 last
69990
63770 **
57560 *
51350 **
Our preference:
the downside prevails as long as 95340 is resistance.
Alternative scenario:
above 95340, look for 106320 and 112860.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92336 and 97343).
Supports and resistances:
112860 **
106320 *
95340 **
91030
83856 last
69990
63770 **
57560 *
51350 **
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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