#BTC
🇺🇸🔍 #Bitcoin Technical Analysis — June 8, 2025
📈 Market Overview
Trend analysis:
Daily (1D): Price is consolidating in a critical zone between $104K–$107K, displaying a "drop-then-rebound" bearish structure .
4‑Hour (4H): Sideways movement below resistance near $105,910—momentum is weak .
1‑Hour (1H): Short‑term bounce underway; divergence forming, but risk of a double‑top if bulls can’t break $105,900 .
Indicators:
RSI (Daily): ~55 – neutral .
MACD (1D): Bearish cross but holding above key support .
Moving Averages: MA50, MA100, MA200 all trending bullish on daily charts (~$105K–$105.3K zone) .
🔑 Key Levels to Watch
Level Significance
Support ~$105,000–$104,000 — former consolidation low & dynamic MA zone
Resistance $105,900–$106,000 — recent 4H ceiling; breakout could flip momentum
$107,000 — next resistance, recent swing point
$110,000–$112,000 — upside targets if breakout sustains
🎯 Strategy Insight for Binance Users
**Short-term traders (1H–4H):**
Watch for a breakout above $105,900 to target $107K, followed by $110K+.
Prefer short positions if rejected at $106K, with stops just above recent highs (~$106,500).
**Mid-term outlook (1D):**
A breakdown below $104,000 opens a corrective scenario toward $100K–$95K .
Conversely, reclaiming and closing above $107K with strong volume may signal the next rally stage.
Bull case:
Sustained break above $106K–$107K, bolstered by bullish MA alignment and volume push, could trigger climb toward $120K by Q3 2025 .
Bitcoin is playing within a tight range — $104K support vs $106K resistance. A breakout above ~$106K on Binance could kickstart a rally to $110K–$112K, and potentially $120K if momentum holds strong.
⏳ Short-term traders: look for entries above $105.9K or shorts if a rejection unfolds near $106K.
📉 Watch a breakdown below $104K — that could trigger a drop toward $100K–$95K.
📈 Bulls, prepare: if BTC reclaims resistance with conviction, a Q3 surge toward $120K+ is in sight.
