#SouthKoreaCryptoPolicy

BTC/USDT analysis for June 8, 2025, using Fibonacci retracement, Moving Averages, and Wyckoff structure, across 1D and 4H charts:

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📐 1. Fibonacci Retracement (1D Chart)

Swing High: ~$111,924

Swing Low: ~$103,000

Key Levels:

0.236 (~$105,770): BTC is currently hovering just above this level, indicating minor resistance .

0.382 (~$107,500): The next major resistance. Holding above it would strengthen bullish sentiment.

0.618 (~$109,700): A decisive break above this would confirm resumed bullish trend.

➡️ Insight: Price has stabilized just above 0.236 after downtrend; reclaiming 0.382 is crucial for upside momentum.

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📊 2. Moving Averages (MA)

1D Timeframe:

50-Day MA (~$103,800): Providing immediate support.

200-Day MA (~$95,000): Long-term trend still intact.

Golden Cross: Long held bullish signal remains valid.

4H Timeframe:

20 EMA: Price is attempting to stay above it—showing mild bullish bias.

50 EMA: Flattened out—indicates short-term equilibrium. A breakout above ~$106,000 would signal renewed strength.

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🧱 3. Wyckoff Method – Phase D Accumulation

Spring (shakeout): Completed near $103,000.

Last Point of Support (LPS): Forming around current price.

Sign of Strength (SOS): Would confirm if BTC not only breaks above ~$106,000 but also sustains that level on strong volume.

Volume Trend: As BTC retests ~$105–106K, volume has held steady—suggesting buying interest and absorption of lower sell-side pressure .

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⚠️ 4. Short-Term Risk Outlook

A 4H rising wedge breakdown signals possible short-term pullback risks . Watch $105,000–105,500 as critical support. Below this could risk a retest of $103,000.

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✅ 5. Strategic Summary

Holders:

Stay the course — still bullish if BTC maintains above support zones.

A breakout above ~$106K would re-ignite the rally toward $109K–110K.

Buyers:

Entry Zone: $104,000 – $105,500

Breakout Entry: Above $106,000 (with conviction)

Targets: $107,500 → then $109,700

Stops: Consider placing