📈 #BTCUSDT Market Outlook – 7 June 2025

Bitcoin is showing signs of recovery after a short-term pullback, currently trading at $104,846 (+2.34%). Let’s break down what the chart is telling us:

⸻

🔍 Technical Overview

• Price Action: BTC recently rebounded from a local low of around $95,784, forming a bullish engulfing candle. This bounce indicates a potential shift in momentum.

• Moving Averages:

• MA(7): $104,602

• MA(25): $106,028 (currently acting as minor resistance)

• MA(99): $92,697 (strong long-term support)

• Volume: An increase in green volume bars suggests buying interest is returning.

• MACD: Still bearish with MACD line below signal line (-825.57), but histogram shows weakening selling pressure.

• RSI(6/12/24): Neutral zone (~49–55), leaving room for upward movement.

⸻

🧠 Trade Plan

• ✅ Entry Point (Buy): Around $103,550–$104,000

• If BTC sustains above this level and closes green, it confirms bullish reversal.

• 🔻 Stop Loss: $101,500

• Below recent support to minimize risk in case of market reversal.

• 🎯 Target 1: $108,200 – Near previous resistance zone.

• 🎯 Target 2: $111,980 – Retesting the recent local high.

⸻

🚨 Key Levels to Watch

• Support: $101,500 → $98,900

• Resistance: $106,000 → $108,200 → $112,000

⸻

🧭 Market Sentiment

Overall sentiment remains cautiously bullish as BTC attempts to reclaim its 25-day moving average. A clean break above $106K with volume would likely confirm a short-term trend reversal.

⸻

🔔 Trade with discipline. Set stop-loss. Don’t chase green candles.

#bitcoin #cryptotrading #BinanceAlphaAlert #BTCanalysis #BuytheDips