Bitcoin (BTC) position for this week and trading recommendations.
Current market position for Bitcoin (BTC):
Based on information available from web sources and X posts until June 22, 2025, Bitcoin's price shows significant volatility with selling pressures and price corrections after failing to break the resistance level of $108,000-110,000. The current price ranges around $102,000-104,000, forming bearish double top patterns, indicating potential further correction or short-term stabilization.
Factors affecting this week:
1 Geopolitical tensions: Escalating tensions in the Middle East (such as the Iranian-Israeli conflict) negatively impact investors' appetite for high-risk assets like Bitcoin.
2 Global liquidity: There are indications that Bitcoin may benefit from increasing global liquidity in the long term, but short-term volatility may dominate this week.
3 Technical indicators:
◦ The Relative Strength Index (RSI) shows negative divergence signals, increasing the likelihood of a correction.
◦ Key support levels at $97,500-100,000 and $92,000-95,000.
◦ Resistance levels at $105,500-106,000, with a potential test of $110,000 in case of strong buying momentum.
Price forecast for this week:
• Bearish scenario: If Bitcoin fails to hold above $103,000, it may retreat to support levels at $97,500-100,000, possibly $95,000 in case of continuous selling pressure.
• Bullish scenario: In the case of a strong rebound from the current support (at $102,000-103,000) with buying momentum, the price may test $105,500-106,000, possibly reaching $110,000 if resistance is broken.
• One analyst on X predicted the price to reach $97,648 this week, aligning with the bearish scenario.
Trading recommendations:
Warning: Trading cryptocurrencies involves high risks due to extreme volatility. Manage risks carefully and do not invest more than you can afford to lose.
For day traders:
1 Long positions:
◦ Entry point: at $102,000-103,500, with confirmation of a rebound through buying momentum (such as breaking the EMA 20 moving average or a positive crossover in MACD).
◦ Targets: $104,000, then $105,500.
◦ Stop loss: below $101,500 or when a 4-hour candle closes below $102,000.
◦ Leverage: 10x-20x maximum, with only 2-5% of capital allocated.
2 Short positions:
◦ Entry point: at $104,000-104,500 if the price shows clear rejection of resistance (such as forming a strong bearish candle).
◦ Targets: $100,000, then $97,500.
◦ Stop loss: above $105,000.
◦ Leverage: 10x maximum, with strict risk management.
For swing traders:
1 Buying strategy at support:
◦ Wait for a test of the support level $97,500-100,000, with confirmation of a bullish reversal (such as a reversal candle pattern or increased trading volume).
◦ Target: $108,260 by the end of June or early July.
◦ Stop loss: below $95,000.
2 Selling strategy at resistance:
◦ If the price reaches $108,260 with increased trading volume, consider taking profits or opening short positions with a target of $100,000.
◦ Monitor the RSI; if it exceeds 70, it may be a signal to take profits.
General tips:
• Risk management: Do not expose more than 2-5% of capital in a single trade. Always use a stop loss.
• News monitoring: Keep an eye on news related to geopolitical developments, U.S. Federal Reserve decisions, and ETF fund flows, as they significantly impact price.
• Activate alerts: Use platforms like TradingView or Binance to set alerts when reaching key support or resistance levels.
• Portfolio diversification: Don't rely solely on Bitcoin; consider spreading investments across other assets to reduce risk.
Additional notes:
• Bitcoin remains a strong long-term investment due to its scarcity (21 million coins) and increasing institutional adoption, but short-term volatility requires caution.
• Platform analyses like TradingView indicate that the overall upward trend remains intact, but corrections are necessary to build momentum.
• Be cautious of X posts, as they may contain inaccurate predictions. Always verify technical and fundamental analyses yourself.
If you need deeper analysis or specific strategies for a particular platform (like Binance or eToro), let me know!
