๐ BTC Technical Snapshot๐ โ 1H Chart Overview (as of June 18, 2025)
๐ Current Price: $104,839.84
๐ 24h High: $105,862.03 | ๐ 24h Low: $103,371.02
๐ Change: -0.89%
๐ Key Observations:
BTC recently touched a local high of $108,952.38, followed by a sharp correction down to $103,371.02 โ showing signs of high volatility and possible profit-taking.
Price is currently hovering near the short-term moving averages (MA7 & MA25) which are converging, suggesting a potential decision point for direction.
MACD histogram is narrowing upward, and the MACD line is curling toward the signal line โ early signs of possible recovery, but confirmation is needed.
Volume is steady, with no extreme spikes, indicating that the recent bounce might lack strong buying momentum.
๐ Short-Term Outlook:
Support levels: $103,370 and psychological $100K zone.
Resistance levels: $105,500 and $108,950.
A break above $105,800 could trigger momentum back to previous highs, but failure to hold above $104,500 might see another retest of $103K.
โ ๏ธ Caution:
With macro events (like FOMC talks or geopolitical news), volatility could stay high.
Traders should watch for fake-outs and avoid over-leverage in this chop zone.
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๐ก Summary:
BTC is consolidating after a strong pullback from recent highs. The current pattern suggests indecision, but with careful monitoring of key levels, a breakout or breakdown could follow soon. Stay cautious & informed. ๐๐๐ผ
