Bitcoin Market Trend Analysis 20250612

Hourly level shows a downward oscillation during the day. Before the US stock market opens, the price experiences a short-term boost from the CPI data, leading to a price surge. After a subsequent upward movement following the market opening, the price begins to oscillate downwards. Currently, the price has touched the 2-hour EMA52 line ($108,000), resulting in a brief rebound.

The current level is experiencing a 2-hour rebound within a daily line rebound, showing insufficient upward momentum to return to the 2-hour EMA52 line for another rebound. We need to continue observing the specific strength of the rebound; personally, I feel the rebound will not be too strong, and then it will continue to decline towards the 4-hour support level (around $107,000) before rebounding again.

The daily line shows a small bearish candle with a short lower shadow, and the trading volume is lower than the past two days, indicating that while the price is rising, the volume is decreasing, which is not a good sign. The price is still running above the MA30 line, which shows a slight upward trend.

The next two days are crucial. If a bearish candle forms, the MACD will show weakened upward momentum turning into strengthened downward momentum, and the candlestick pattern may form a double top, leading to further price declines.

As for the future direction, we will observe as we go.

Daily level resistance: 120400-130000, support: 107000-101260-97670-95860-93410