Bitcoin (BTC) is showing a mixed technical picture on the daily chart. The short-term EMAs remain upward sloping, signaling that the broader trend is still intact—but momentum appears to be cooling.

The MACD is still in bullish territory, though its histogram is narrowing, which suggests that buying strength may be fading. RSI sits in neutral ground, indicating neither overbought nor oversold conditions—typical of a market waiting for a catalyst.

Order book data shows firm bid walls below $108K and light resistance up to $110K, hinting at possible compression before a breakout. Traders are watching closely to see whether BTC breaks above the $110K resistance or slips back toward key supports.

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Read the full analysis: www.ecoinimist.com/2025/07/06/bitcoin-order-book-standoff/