📅 Date: June 29, 2025
📈 Current Price: $107,212.05 (+0.04%)
🕒 Timeframe: 1D (Daily)
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🔑 Key Observations
1. 📊 Price & EMAs:
EMA(7): $106,526 → Price is above EMA(7) (short-term bullish).
EMA(25): $105,666 → Price is above EMA(25) (medium-term bullish).
EMA(99): $100,224 → Price remains strongly above EMA(99) (long-term bullish).
2. 📉 Indicators:
RSI(6): 63.21 → Approaching overbought zone but not extreme (still room for upside).
Stoch RSI: 96.77 (very high) → Suggests potential short-term pullback/rejection ahead.
3. 📉 Volume:
Volume appears to be declining, despite price increase → potential sign of weakening bullish momentum.
MA(5) volume ($8.63k) < MA(10) volume ($14.18k) → bearish divergence in volume.
4. 🧱 Support & Resistance:
Immediate Resistance: $107,967 (local high).
Major Support: $105,666 (EMA25), $104,591 (previous daily candle base).
Critical Support: $101,215 – break below this invalidates bullish setup.
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🎯 Trade Plan
🚀 Long Setup (Momentum Continuation)
Trigger: Break & close above $107,970 (local high)
Entry: $108,000 (confirmation entry)
Targets:
1. 🎯 $110,700
2. 🎯 $111,344 (daily resistance)
3. 🎯 $113,500
Stop-Loss: $105,500 (below EMA25)
🔻 Short Setup (Overbought Pullback)
Trigger: Rejection near $108,000 and close below $106,500
Entry: $106,300
Targets:
1. 🎯 $104,600 (EMA25 zone)
2. 🎯 $101,200
Stop-Loss: $108,100
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⚠️ Risk Management
🔸 Use 1-2% capital risk per trade.
🔸 RSI/StochRSI suggest caution for longs near resistance; don’t chase green candles.
🔸 Ideal to wait for breakout or rejection confirmation.
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📈 BTC Price Prediction (Short-Term)
If breakout sustains above $108K → $111K–$113K likely within days.
If rejected at resistance → possible dip toward $104K–$101K for retest.
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✅ Conclusion
BTC is showing bullish momentum on higher timeframes but faces key resistance at ~$108K. Overbought oscillators indicate caution is warranted. Wait for breakout or rejection before entering. Volume drop could mean false breakout risk.
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