Date: July 7, 2025
Current Market Snapshot
As of the latest trading session, Bitcoin (BTC) is priced at $108,516.30 against Tether (USDT). The price reflects a slight intraday decline of 0.29%, indicating mild bearish pressure. The 24-hour high was $109,700, while the low dipped to $108,019, showcasing the ongoing intraday volatility.
Technical Overview
Bitcoin's current positioning presents a mixed sentiment in the short term. Here's a breakdown of the major indicators and patterns:
1. Moving Averages (MA) Insights:
MA(7): $107,116.66 – Acting as immediate dynamic support.
MA(25): $106,068.88 – Serves as a mid-term support level.
MA(99): $97,770.09 – Strong long-term support and demand zone.
Bitcoin is currently trading above its short and mid-term moving averages, which is a bullish signal in a generally consolidating market. However, momentum seems to be weakening near resistance zones.
2. Resistance and Support Levels:
Immediate Resistance: $111,980 (Recent peak)
Support Zones:
Short-term: $107,100 (near MA7)
Mid-term: $106,000 (near MA25)
Strong support: $98,200 (recent low and recovery point)
The market previously tested the $98,200 level and rebounded, which now acts as a key psychological and technical support.
Suggested Stop-Loss (SL) Points by Strategy
Setting stop-loss levels is critical for managing risk, especially in volatile conditions. Below are strategy-based SL suggestions:
🔹 1. Short-Term Long Position
Entry Range: $108,500 – $109,000
Suggested SL: $106,000
Reasoning: Below the MA(25) and beneath minor local support; provides breathing room without risking too much capital.
🔹 2. Medium-Term Swing Position
Entry Range: $108,000 – $108,500
Suggested SL: $104,000
Reasoning: Below the consolidation zone and local wicks. Protects from deeper drops without exiting prematurely.
🔹 3. Aggressive Intraday Trade
Entry Point: Around $108,500
Suggested SL: $107,000
Reasoning: Just under MA(7); a tight stop ideal for fast scalps or margin trades with minimal risk tolerance.
🔹 4. Longer-Term Swing Trade
Entry Range: $108,000
Suggested SL: $98,000
Reasoning: Below a strong structural support formed after a significant bounce. Good for position traders aiming for higher time frame gains.
Volume & Trend Dynamics
Volume Profile: Volume is currently moderate with slight tapering, suggesting indecision among buyers and sellers.
Trend Sentiment: The broader trend remains bullish over the 90-day (+37.16%) and 1-year (+78.62%) periods.
However, short-term fluctuations indicate potential for pullbacks before further upside.