June 14, 2025 Bitcoin ($BTC) Market Analysis and Trading Strategy
1. Market Analysis
The daily chart shows a long lower shadow bullish candle, indicating that the market encountered strong support during the downtrend. Currently, the candlestick is still below the middle band of the Bollinger Bands. Closely monitor the resistance around 106,500; if it cannot effectively stabilize above this level, the market will likely continue to retrace. The first support to watch below is around 105,000, and if it effectively breaks down, pay attention to the important support levels at 103,700–102,600. Today is the weekend, and market liquidity is low, so the market is likely to continue in a range-bound oscillation.
2. Trading Strategy
As the market oscillates within a range, you can consider opening a short position near the resistance of 106,000–106,500, and prepare a plan for two additional entries. When the market approaches the lower levels of 103,700 and 102,600, you can gradually enter long positions using a pyramid strategy. Remember, strictly adhere to your take profit and stop loss levels!
$BTC