#DayTradingStrategy Based on technical analysis of $BTC,
In the short term:
Bitcoin (BTC) is in a consolidation phase in mid-2025, trading around $108,971 on July 8, 2025. On the 30-minute chart, BTC is holding above the 100 EMA ($108,664) and the 200 EMA ($108,472), indicating short-term strength. Immediate resistance is at the 20 EMA level of $109,054. For a significant bullish move, Bitcoin needs to close above $110,200, with the next resistance zone near $112,000. Important support levels include $108,500, $108,000, and $107,500. The Fear & Greed Index has shifted to "Neutral," indicating cautious optimism in the market.
In the long term:
