BTC/USDT Breaks Out from Consolidation! $BTC
Price: $108,895 | Change: +0.70%
Timeframe: 1H | Date: July 6, 2025
๐ Trade Setup:
> Buy on retest: $108,350โ$108,500
TP: $109,550โ$110,400
SL: Below $108,000
Watch for continuation volume and no strong rejection at $109K.
Bitcoin just delivered a clean breakout from its sideways consolidation zone near $108.3K. With a solid candle closing above the EMA cluster and momentum indicators firing, bulls are gaining control again.
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๐ Technical Highlights:
โ EMA(7), EMA(25), and EMA(99) all crossed upward
โ Bullish candle closes above $108,350 resistance
โ Stoch RSI = 100, indicating strong short-term momentum
โ Volume is increasing as price climbs
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๐ Support & Resistance:
Support zone: $108,140 โ $108,350 (former resistance turned support)
Next resistance: $109,550 โ $110,480
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๐ Probability Forecast:
Move Chance Signal
๐ผ Continue to $109.5Kโ$110.4K 75% Breakout + volume + strong RSI
๐ฝ Rejection below $108.3K 25% Only if breakout fails quickly
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