Bitcoin Market Trend Analysis 20250612
Hourly level shows a nighttime fluctuation downward. Before the US stock market opens, it was positively influenced by CPI data, and the price started to surge upward. After a wave of upward momentum following the US stock market opening, it began to fluctuate downward. Currently, the price has experienced a short jump after remaining above the 2-hour EMA52 line ($108,000) for 2 hours.
The current level indicates a rebound within the daily line, with a 2-hour rebound showing insufficient upward momentum, returning to the 2-hour EMA52 line for another rebound. We need to continue observing the specific strength of the rebound; I personally feel that the rebound intensity will not be severe, 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. The trading volume is even lower than before, and while the price is rising, the trading volume is declining, which is not a good sign. The price is currently still above the MA30 line, which shows a slight upward trend. The next two days of movement are crucial; if it closes with a bearish candle, then the MACD will show a shift from upward momentum to enhanced downward momentum, and the K-line pattern will exhibit a double top formation, leading to further price declines. As for how it will move next, we will observe as we go.
Daily level resistance at 120400-130000, support at 101260-97670-95860-93410
