#BTC
📊 Updated Bitcoin Technical Analysis – Mid‑June 2025
🧩 Current Range & Key Levels:
Trading range: roughly $105K–$108K, with 50‑day MA resistance near $106K .
Support: Daily 200‑MA ~$104K, with a lower support zone around $102K .
📉 Indicators:
RSI on daily/4‑h sits near neutral-to-slightly bullish (≈50–52) .
MACD shows a fading bullish crossover or slight bearish crossover—momentum is weakening .
Chart Pattern: A descending triangle is forming—characterized by lower highs (~$110K peak) and steady support at $102K .
🇨🇦 Geopolitical Context:
Recent tensions in the Middle East, particularly between Israel and Iran, have weighed on BTC and added volatility .
🔮 Market Outlook & Strategy
📈 Bull Case:
A decisive breakout above $108K–$110K (triangle resistance) could open the path back to all-time highs (~$112K) and beyond ➤ **$120K+** .
If 50‑MA (≈106K) breaks decisively with strong RSI/MACD support, it would reinforce upward momentum.
📉 Bear Case:
Breakdown below support at $104K–$102K could accelerate a drop toward the $100K mark and potentially test lower channel support near $78K–$80K .
🔄 Bias:
Neutral‑slightly bearish in the short term while BTC remains within the triangle.
Long-term bias remains bullish if it stays above $102K and breaks the upper pattern.
⚙️ Trading Plan (Suggested)
Scenario Entry Stop Target
Long (on breakout) Above $108K–$110K $104K $120K+
Long (on dip) $104K–$102K Below $102K $108K–$112K
Short Below $102K breakdown $104K $100K & further to $78K–$80K
What’s your entry if BTC bounces off $104K?
