June 7, 2025 BTC/$USDC : Current Situation and Outlook

Today, the price of Bitcoin against USDC hovers around $105,500, up about 3.9% intraday, peaking at approximately $105,868 and hitting a low of $101,365. In recent days, a rebound has occurred after breaking below the psychological level of $102,000, indicating that bulls are trying to regain control of the market. Technical analysis on the 4-hour chart shows bullish divergence in RSI and MACD, which may suggest a continuation of the upward trend.

Key resistance levels are at $104,800, $106,670, and $107,370, where there is significant selling pressure and technical resistance. Support areas are between $102,000 and $100,500, as well as around the Fibonacci 0.382 level of $97,660; these areas may become buying points and prompt a price rebound. Daily trading volume exceeds $41 billion, indicating a high level of market activity.

Overall, BTC/USDC is currently in a highly volatile consolidation phase. To rise further, it needs to break through and hold above $107,000; otherwise, a pullback to $100,000 or even lower may occur. Traders are advised to closely monitor price reactions at key levels and use stop-loss orders for risk management.