Daily Update on Bitcoin – June 21, 2025: Downward Pressure… Will Prices Bounce Back?"

📝 Content:

Today's Bitcoin Price ~103,910$ (Trading Range: 102,609–106,100$).

📉 Daily Technical Analysis:

- Break of EMA-50/200 and Negative MACD → Downward pressure with RSI at ~44.

- Near Resistance: 105–106K$. A break activates upward potential.

- Immediate Support: 103,800$. A break creates a gap for a drop towards 102K or lower.

⚠️ Strategy:

- 💼 Short Trade: Sell at 105K with a stop loss above 106K.

- If a bounce occurs above 105K, a long trade can be opened targeting 107–110K.

📌 Note: The drop has shown oversold conditions that could lead to a quick bounce if the resistance break is successful. It is better to wait for a clear confirmation.

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