Quick Update on Bitcoin (6/7/2025)

Bitcoin is currently trading in a sensitive area ~105k => where many important support/resistance factors converge on larger time frames.

🔹 The weekly candle closing this weekend will play a decisive role in the next direction.

Therefore, everyone should not rush to open large positions before the market clearly confirms the trend.

(Anyone who longed with Ngoc at the 101kxx area can take profit 50% - the remaining 50% should set a stop loss at entry and hold)

📊 Currently, technical signals are conflicting across time frames:

• The weekly & daily frames do not have a clear consensus.

• If it breaks upward, BTC could soon move towards the 108-111k area

• Conversely, if it loses important support, the price could quickly drop to the 9xk area

(Note that there is still a GAP at 90-91kxx)

Strategy:

+ Temporarily prioritize observation, avoid FOMO.

+ Wait for the weekly candle to close, and I will update more details for everyone.

==> In addition, news factors and the verbal sparring between Trump & Elon will account for over 80% of Bitcoin's price movement.

This is a personal opinion and not an investment advice.

Any buying/selling decisions are not the responsibility of Thần Tài Crypto.