📊 $BTC /USDT Market Update (Daily Chart)
📅 Date: June 7, 2025
📈 Current Price: $104,589.2 (+2.51%)
💰 24h High: $105,283 | 24h Low: $102,000
📊 24h Volume: 166,140 BTC (~$17.28B)
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🔍 Technical Highlights:
🟡 MA(7): $104,522.5 (Just below current price)
🟣 MA(25): $105,971.7 (Acting as short-term resistance)
🔵 MA(99): $92,653.0 (Long-term support)
📌 Recent High: $111,959.5
🔻 Recent Low: $74,457.0 (from April pullback)
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📌 Analysis:
Bitcoin is currently trading above the 7-day MA but below the 25-day MA, indicating potential consolidation. The 99-day MA remains far below, confirming long-term bullish structure. A breakout above the 25-day MA could lead to a retest of the recent high, while support is strong near $97,333 and $92,653.
📉 Volume Analysis:
Recent volumes suggest steady accumulation. A significant breakout will likely need stronger volume confirmation.
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💬 What’s Next?
Keep an eye on price action around the $106K zone (resistance). A daily close above this could signal further upside. If rejected, BTC might test the $97K support again.
