$USDC
As of June 7, 2025, Bitcoin (BTC) is trading at approximately $104,367, reflecting a modest increase of 2.9% over the past 24 hours. The intraday high reached $105,220, while the low touched $101,358.
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📐 Fibonacci Retracement Analysis (1D)
Swing High: ~$111,924
Swing Low: ~$103,000
Key Fibonacci Levels:
0.236: ~$105,770 – BTC is currently trading just below this level, indicating potential resistance.
0.382: ~$107,500 – A break above this level could signal bullish momentum.
0.618: ~$109,700 – Surpassing this would confirm a strong bullish trend.
BTC is consolidating below the 0.236 level. A daily close above $107,500 would strengthen the bullish outlook.
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📊 Moving Averages (MA)
1D Timeframe:
50-Day MA: ~$103,800 – Currently acting as support.
200-Day MA: ~$95,000 – Long-term support remains intact.
4H Timeframe:
20 EMA: BTC is attempting to hold above it, suggesting short-term bullishness.
50 EMA: Flattening, indicating market indecision; a breakout above $106,000 could lead to increased momentum.
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🧱 Wyckoff Method – Phase D?
BTC appears to be in Phase D of Accumulation:
Spring/Shakeout: Occurred near $103,000.
Last Point of Support (LPS): Currently forming above $100,000.
Sign of Strength (SOS): A sustained move above $106,000 would confirm this phase.
Recent institutional activities, such as Metaplanet's $5.4 billion equity raise to accelerate Bitcoin holdings, support this accumulation phase.
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✅ Strategic Summary
For Holders:
Maintain positions as long as BTC stays above $103,000.
Watch for a breakout above $106,000 to confirm bullish continuation.
For Buyers:
DCA Entry Zone: $102,500 – $103,500
Confirmation Entry: Above $106,000
Target: $109,700 (Fibonacci 0.618 level)
Stop-Loss: Below $101,800
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Bitcoin's current price action suggests a potential bullish breakout if key resistance levels are surpassed. However, traders should remain cautious and monitor for confirmation signals before making significant moves.
