$BTC

### ⚡ Bitcoin (BTC) Technical Analysis for July 9, 2025 (Binance)

#### 📊 **1. Price Snapshot & Recent Performance**

- **Current Price**: $108,778 (as of 17:22 UTC, ).

- **24h Movement**: +0.70% (Low: $107,430; High: $109,217) .

- **Weekly Trend**: +1.52%, consolidating within a tight range of $105,100–$110,530 .

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#### 🔍 **2. Technical Analysis Overview**

**Key Indicators** (4-hour timeframe, Binance/BTC-USDT):

- **EMA Cluster**: Bullish alignment (20/50/100/200 EMAs), with critical support at $107,415 (100 EMA) .

- **Bollinger Bands**: Tightening volatility, price near mid-band ($108,300). A break above $109,250 (upper band) may trigger bullish momentum .

- **RSI**: Neutral (52.0), no overbought/oversold signals .

- **MACD**: Flat but slightly positive, indicating short-term equilibrium .

**Chart Structure**:

- **Ascending Channel**: Intact since April 2025, with current price testing the upper supply zone ($108,800–$110,400) .

- **Symmetrical Range**: Forming since June; breakout likely if $110,500 is breached .

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#### ⚖️ **3. Key Support/Resistance Levels**

| Level | Price | Significance |

|---------------|-------------|---------------------------------------|

| **Resistance 1** | $109,250 | Bollinger Band upper boundary |

| **Resistance 2** | $110,500 | Multi-week horizontal resistance |

| **Resistance 3** | $111,814 | All-time high (May 22, 2025) |

| **Support 1** | $107,000 | Demand zone & 100 EMA |

| **Support 2** | $105,400 | Prior range low |

| **Support 3** | $103,000 | Long-term bullish defense line |

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#### 📈 **4. Market Sentiment & Derivatives Data**

- **Options Activity**: Heavy call open interest at $110,000 and $112,000 strikes (Deribit), signaling bullish bets .

- **Funding Rates**: Moderately positive, indicating controlled leverage.

- **Volume**: Derivatives volume up 15.7% (24h), totaling $62.84B .

- **Catalysts**:

$BTC

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