$BTC Update BITCOIN

At 10:00 PM WIB June 1, 2025

Let’s discuss the best entry points for Bitcoin (BTC) based on the technical indicators visible in this chart.

📊 Data Summary (BTC/USDT - Timeframe 4h):

Current Price: 104,544.50 USDT

EMA(13): 104,621.90

EMA(50): 106,258.93

EMA(100): 105,763.94

EMA(200): 102,657.81

RSI(6): 51.11 → Neutral, not oversold or overbought

MACD Histogram: Starting positive, DIF & DEA starting to converge

Volume: Relatively flat and stable

🔍 Technical Analysis and Signals:

1. Trend & Moving Averages

BTC is still below EMA(50 and 100) → meaning there is still bearish pressure, although the price is starting to attempt a rebound.

EMA(13) ≈ Current price → the market is consolidating short, waiting for a new direction.

EMA(200) (102,657) is a strong support.

2. RSI (Relative Strength Index):

RSI at 51.11 → neutral, not showing buying/selling exhaustion.

There is still plenty of room to move up before overbought (RSI > 70).

3. MACD:

Histogram starting positive → early indication of potential bullish reversal.

DIF & DEA starting to converge, approaching bullish crossover.

4. Volume:

No significant volume spikes → no large accumulation yet.

But also no distribution → neutral signal.

✅ When is the Best Entry Time?

🚨 Conservative Scenario (Safer Confirmation):

Wait for a breakout confirmation above EMA(50) (106.2K) with a bullish candle + increased volume.

📌 Entry: When the closing price > 106.5K

🎯 Target TP:

TP1: 109.5–110K (minor resistance)

TP2: 113.8K (previous high) 🛑 Stop Loss: Below EMA(200), around 102.2K

🧠 Aggressive Scenario (Early Rebound):

Enter when the price is still close to support (EMA 200) and MACD + RSI start to recover → this is a speculative position but the risk-reward is quite good.

📌 Entry: Around 104K–104.5K

🎯 TP: EMA(50) as the initial target (106.2K), can scale-out

🛑 Stop Loss: Below strong support 102K