$BTC $BTC 🚀 BTC Market Rebound or Fakeout? | June 17 Analysis
BTC/USDT is showing promising signs of a short-term recovery today after a sharp correction to the $106K zone.
🔍 Technical Highlights:
15m & 30m Charts: Strong bullish momentum with Stoch RSI hitting overbought; minor pullback expected.
4H Chart: Price has printed a bullish hammer near the $106K support zone. MACD is turning positive, and RSI is climbing—bullish continuation likely.
1D Chart: Price reclaimed mid-Bollinger band after forming a minor bullish engulfing pattern. Early signs of a trend reversal are building up.
📊 Key Levels:
Support: $106,000 – $106,400
Intraday Target: $108,300 – $109,200
Short-term Resistance: $109,500+
📈 Market Bias: Bullish
🔑 Confidence Level: 72%
Traders are watching to see if this bounce will evolve into a full recovery or stall at resistance levels. Caution is advised near the $109K zone for potential profit-taking.
💡 Strategy $BTC 🚀 BTC Market Rebound or Fakeout? | June 17 Analysis
Bitcoin (BTC/USDT) is showing promising signs of a short-term recovery today after a sharp correction to the $106K zone.
🔍 Technical Highlights:
15m & 30m Charts: Strong bullish momentum with Stoch RSI hitting overbought; minor pullback expected.
4H Chart: Price has printed a bullish hammer near the $106K support zone. MACD is turning positive RSI is climbing—bullish continuation likely.
1D Chart: Price reclaimed mid-Bollinger band after forming a minor bullish engulfing pattern. Early signs of a trend reversal are building up.
📊 Key Levels:
Support: $106,000 – $106,400
Intraday Target: $108,300 – $109,200
Short-term Resistance: $109,500+
📈 Market Bias: Bullish
🔑 Confidence Level: 72%
Traders are watching to see if this bounce will evolve into a full recovery or stall at resistance levels. Caution is advised near the $109K zone for potential profit-taking.
💡 Strategy Tip: Consider buying on dips near $107K with tight stop-loss and scaling out near resistance zones.: Consider buying on dips near $107K with tight SL.
