$BTC

As of June 6, 2025, Bitcoin (BTC) is trading around $104,241 on Binance, reflecting a slight decline of 0.71% over the past 24 hours. The price has fluctuated between $100,781 and $105,621 during this period.

Technical Overview:

Moving Averages: BTC is trading below the 7-day EMA ($105,791) but above the 25-day EMA ($104,700) and the 99-day EMA ($96,613), indicating a mixed short-term trend.

Momentum Indicators: The RSI stands at 46.06, suggesting a neutral stance with a slight bearish bias. The MACD histogram is negative, and the MACD line is below the signal line, indicating bearish momentum.

Volume: Current trading volume is significantly lower than the 24-hour average, pointing to weak buyer interest.

Key Levels:

Resistance: Immediate resistance is at $105,791 (EMA7), followed by $106,795 (24h high) and $108,025.

Support: Immediate support lies at $104,872 (24h low), with further support at $104,700 (EMA25) and $103,117.

Trade Scenarios:

Bullish: A breakout above $105,791 could target $106,795–$108,025, especially if accompanied by increased volume.

Bearish: Failure to hold above $105,791 may lead to a retest of $104,872 and potentially $103,117.

Traders should monitor these levels closely and consider market volume and momentum indicators before making trading decisions.