📈 BTC/USDT Technical Analysis – 1D Chart + Macro Outlook
💰 Current Price: $104,286
📉 Daily Change: -0.33%
📍 Recent High: $111,980
📉 Key Support Zone: $102,000
🔍 Technical Outlook (1D & Weekly)
📊 Golden Cross on the Weekly
➡️ A rare and historically reliable signal for long-term uptrends.
📈 Cup and Handle Pattern forming on the daily chart
➡️ Breakout zone between $113K–$115K
🔄 Trend Structure Intact
➡️ Still showing higher highs and higher lows since the $74K bottom
📉 RSI(6): 37.30
➡️ Approaching oversold territory — potential accumulation zone for DCA strategies
🟣 Key EMAs:
EMA(7): $105,603
EMA(25): $104,438
EMA(99): $96,215
➡️ Price sits between short- and long-term trend support zones
📉 Volume decreasing
➡️ Indicates lack of selling pressure — likely quiet accumulation
🧠 Strategic Commentary
Many are calling for a “top,” but similar setups have liquidated shorts before
Weekly bearish divergence already triggered near $80K and failed
What we’re seeing now is standard cycle behavior, not a breakdown
Long-term holders and large wallets are not moving
Minor outflows from institutional players reflect short-term macro caution, not trend reversal
🔮 Price Targets
🎯 TP1: $113K–$115K – breakout zone
🎯 TP2: $120K – mid-range macro target
🎯 TP3: $138K+ – possible euphoric extension if CPI aligns
📆 Upcoming Macro Events to Watch
June 4 – Jerome Powell speech (possible minor volatility)
June 11 – CPI report release (major macro driver)
✅ Final Takeaway
The uptrend remains solid.
This appears to be a manipulation phase to shake out weak hands, not a reversal.
Patience > Panic. The bigger move is still on the horizon.
⚠️ Disclaimer:
This is an educational technical analysis. Not financial advice. Always DYOR and manage your risk.
