#SwingTradingStrategy

🚨 BITCOIN Bounces Back?! Sharp Rebound to $106K – Is This the Start of a Massive Bull Run?! 🚀📈

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🔍 Technical Analysis BTC/USDT – Timeframe 1 Hour (As of June 20, 2025)

1. Price & General Movement

Last price: $104,732

High (recent): $106,736

Low (recent): $104,712

After consolidating below $105K for the last 2 days, BTC bounces strongly to $106,736 but then quickly corrects.

2. RSI (Relative Strength Index – 14)

Current: 45.01

Indicates neutral momentum tends to be weak, not showing overbought conditions (>70) or oversold (<30).

Low RSI during the pullback indicates there is still room for upward movement if volume comes in.

3. SMI (Stochastic Momentum Index – 10,3,3)

%K: 17.8

%D: 33.0

Entering the oversold area, potential upward reversal if there is a bullish crossover at the low level. This technical signal suggests that BTC may be approaching a bounce point if volume support is present.

4. Price Structure

Strong support: $104,000 – $103,200

Strong resistance: $106,800 – $107,500

BTC appears to be forming a higher low structure in the short term, which is an early signal of potential upward trend if it can break and hold above $106.8K.

5. Volume & Price Action

The rapid spike towards $106K accompanied by significant volume, but the correction indicates traders are still unsure about the continuation of the rally.

A retest of the $106K area with a strong closing candle is needed to confirm the breakout.

📌 Technical Conclusion

Current sentiment: Sideways Bullish Bias

If BTC can consolidate above $105K, the chance to reach $108K remains open.

However, if it breaks down below $104K, it could return to the previous consolidation zone of $102K–$103K.

⚠️ DISCLAIMER

This is general information only and not financial advice. For personal guidance, please talk to a licensed professional.