📉 BTC Price Update – 21 June
By Recoil Trader
In the last BTC update (📅 19 June), we highlighted a long setup with entry zones at $103,000–$103,500, and a stop-loss at $100,000. Out of the four take-profit targets mentioned, TP1 at $106,600 was hit successfully 🎯 — giving a solid +2.40% gain from entry ✅.
🌀 Recent Price Action
BTC reached a local high of $106,524, faced rejection, and dropped to:
🔻 Spot: $102,345
🔻 Futures: $102,255
After the dip, BTC bounced and is currently trading around $103,200. On the technical side, the king is still respecting the symmetrical triangle on both the 4H and daily charts 🔺⏳.
📊 4H Chart Overview
🕯 Previous Weekly Candle:
• Open: $105,734
• Close: $105,594
• High: $110,530
• Low: $102,664
BTC found strong support from the 50-week moving average at $74,508 (📅 7 April), which triggered a powerful bullish rally. In just 44 days, price surged to $111,980 — a massive +50.26% move 📈.
Since 22 May, BTC has been moving sideways for 29 days — consolidating inside the symmetrical triangle. The structure stays bullish 🟢 as long as BTC holds above $100,372.
🧩 Key Structural Levels
🟣 Swing High (HH): $111,980 (22 May)
🟢 Swing Low (LL): $100,372 (6 June)
🟡 Higher Low (HL): $102,664 (13 June)
🔹 Minor Dip: $102,345 — structure still intact
🧠 BTC continues to respect the Fib golden zone (0.79) → buyers still showing strength
🎯 Trade Setup (Recoil Long)
Price Range
- Entry $103,000 – $103,500
- Stoploss $100,000
Targets:
🔹 $105,500 – $106,300
🔹 $107,700 – $108,600
🔹 $110,400
🔹 $111,800
🔹 $117,700 ( Optimistic approach )
🔍 Recoil Thoughts:
BTC is holding strong inside structure — consolidation before continuation. This is a classic Recoil Zone: coiled price, higher low support, golden Fib bounce… setup looks clean. 🎯
📌 Will update if we get another breakout confirmation above $106,300 or dip toward $102k again.
