📊 BTC/USDT Trade Plan – June 7, 2025
Current Price: ~$104,612
24h Change: +2.52%
24h Range: $102,038 – $105,220
24h Volume: $46.7B
🔍 Technical Overview
Price Action: BTC is consolidating between $102K–$105K after recent volatility, suggesting a potential breakout setup.
Momentum Indicators:
RSI (6): 46.06 – Neutral, slightly bearish.
MACD: Approaching bullish crossover – early signs of momentum shift.
Chart Pattern: A potential head & shoulders pattern is forming. If neckline breaks, downside could extend toward $95K. Otherwise, a bullish continuation is still possible above key resistance.
🎯 Trade Strategy
Bullish Scenario:
Breakout Level: $105,800
Target Zone: $107,500 – $110,000
Stop Loss: $102,000
Bearish Scenario:
Breakdown Level: $103,900
Target Zone: $102,200 – $100,000
Stop Loss: $105,000
🧠 Key Notes
Market Sentiment: BTC is holding above the 25 & 99 EMA, showing strength despite selling pressure.
External Factors: Geopolitical headlines and influential statements (e.g., from Elon or Trump) are affecting short-term sentiment and should be monitored closely.
⚠️ Disclaimer: Crypto trading involves high risk. Do your own research (DYOR) and manage your risk appropriately.