🔍 Technical Analysis of the BTC/USDT Pair 8h Chart
📅 Date of analysis: June 8, 2025
📈 Current price: 106,226.91 USDT (+0.41%)
🔸 Movement Context
The price has bounced from a recent low of 100,372.26 USDT, showing a clear bullish recovery.
A series of higher lows and higher highs is observed, a typical pattern of a bullish structure on the 8-hour timeframe.
The Parabolic SAR indicator has flipped to a position below the price, confirming a bullish trend signal.
Nearby resistance is at 106,360 USDT (24h high) and then in the range of 108,000–108,900 USDT.
📉 Volume
Volume has been decreasing after a strong peak on June 5, which may indicate buyer exhaustion if no new momentum appears.
✅ Long Entry
Possible entry point:
✔️ Upon confirming a breakout with volume from the level of 106,360 USDT.
✔️ Ideally with an 8h candle closing above that level and supported by the Parabolic SAR.
Target zones:
108,000 USDT
108,900 USDT
With risk management adjusting stop loss below 104,500 USDT.
❌ Short Entry
Only if one of these events occurs:
🔻 The price fails to break 106,360 USDT and forms a bearish engulfing candle.
🔻 Confirmation with the Parabolic SAR moving back above the price.
Ideal entry:
✔️ Near 106,000–106,200 USDT, with clear rejection.
✔️ Stop loss above 107,000 USDT, targeting pullbacks towards 103,000–102,000 USDT.
📌 Conclusion
The current bias is bullish, but it needs confirmation with volume and a clear breakout of the recent high. The best scenario now is to wait for that confirmation for a long entry. A short entry would only be in the case of strong rejection with exhaustion signals at resistance.
