🔍 BTC Price Analysis – 04 June 2025 | Bearish Pressure Continues? 📉
📊 Current Market Overview:
Bitcoin is currently trading below the Ichimoku Cloud, signaling ongoing bearish sentiment. The price is caught in a local correction phase after a recent drop. While it made an attempt to push above resistance, momentum faded quickly, hinting at a possible double top pattern forming — visible as an "M" shape on the chart. ⚠️
🗣️ Powell’s Speech – Subtle Positives? 🕊️
Markets responded mildly positively to Powell’s latest remarks. While no rate cuts were promised, his tone on global risk assessments and uncertainty models suggested a possible shift toward easing policy in H2 2025. This injects hope into the broader macro landscape, but the crypto market remains cautious. 💼
🔎 Technical Outlook:
Despite the slight optimism from Powell's comments, I’m not seeing strong enough confirmation for a bullish breakout in BTC just yet.
Key signals from the chart:
🔸 Ichimoku Cloud: Price remains below the cloud, maintaining a bearish stance.
🔸 Resistance Zone: Strong resistance lies between $106,000 – $107,000. Price is currently struggling here. 🧱
🔸 Support Levels: Eyes on the $100,000 psychological level. If it breaks, we may revisit $95,000. ⚠️
🔸 RSI: A slight uptick is visible, but still below 50, indicating weak bullish strength. 📉
🧠 My Strategy & Sentiment:
For now, I’m maintaining a cautious, bearish stance 🐻:
✅ Waiting for a confirmed breakout above the cloud and resistance levels
✅ Or a strong bounce from major support zones to validate a potential long setup
⏳ Patience is key in such uncertain market conditions — no FOMO. 🧘♂️
