๐Ÿ“Š Bitcoin (BTC/USDT) Technical Analysis โ€“ 4H Chart

๐Ÿ—“๏ธ Date: June 8, 2025

๐Ÿ•’ Timeframe: 4-Hour (4H)

๐Ÿ’ฐ Current Price: ~$105,500

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๐Ÿ”น Market Overview

Bitcoin has recently bounced from a strong demand zone near $104,084 and is now testing a key descending trendline resistance. Price action is tightening, suggesting a possible breakout or rejection soon.

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๐Ÿ” Key Technical Highlights

๐Ÿ“ˆ Trendline Resistance:

A well-respected descending trendline is being tested.

Last touched highs: $111,959 โ†’ $106,924 โ†’ current $105,500

Price needs a clean breakout to shift structure bullish.

๐ŸŸฉ Support Zones:

$104,084 โ€“ Immediate support (recent bounce area)

$101,244 โ€“ Major demand zone (critical for bullish sentiment)

$99,050 โ€“ Long-term structure support

๐ŸŸฅ Resistance Zones:

$105,500 โ€“ Current resistance (Trendline test)

$106,924 โ€“ Minor resistance above trendline

$109,764 & $111,959 โ€“ Key swing highs

๐Ÿ“‰ Previous Price Action:

BTC was in a clear downtrend since the peak at $111,959.

Recent structure shows a potential reversal attempt if resistance breaks.