subash adhikari

Bitcoin’s price hovered near $107,392 on June 9, 2025, supported by a market capitalization of $2.12 trillion and a 24-hour trade volume of $19.68 billion. Trading within an intraday range of $105,112 to $107,499, bitcoin showed strong short-term bullish momentum across multiple technical indicators and timeframes.BitcoinThe 1-hour chart presents a scenario of a breakout from consolidation, marked by a sudden surge in bullish momentum. After days of tight sideways movement between June 6 and 8, bitcoin pushed sharply upwards on June 9, touching a high of $107,499. The prevailing momentum suggests further upward potential, with the next psychological resistance sitting at $108,000 and then $110,000.BTC/USD 1-hour chart on June 9, 2025.The 4-hour chart signals a classic V-shaped recovery, bolstered by strong bullish volume as bitcoin rebounded sharply from a support level at $100,426. This move breached prior resistance levels, with momentum favoring further upside if price action can hold above $107,500. The breakout candle reflects strength and buyer confidence, but traders should eye the $109,500 to $110,000 range for potential exits.BTC/USD 4-hour chart on June 9, 2025.From a broader perspective, the daily chart suggests a recovery phase following a drop from the $112,000 level. Bitcoin found solid support near $100,000 and is showing bullish candlestick formations, albeit with reduced but gradually increasing volume. The price is approaching local resistance near $108,000, and a daily close above this level could pave the way for a retest of $112,000.BTC/USD daily chart on June 9, 2025.Oscillators reflect a largely neutral sentiment, with the relative strength index (RSI) at 58 and the Stochastic at 56. The commodity channel index (CCI) and average directional index (ADX) also reflect neutrality. However, momentum shows a buy signal with a value of 3,335, suggesting bullish pressure. The moving average convergence divergence (MACD) level of 879 remains bearish, indicating some lingering caution among traders.Moving averages reinforce the bullish undertone, with all major exponential and simple moving averages from 10 to 200 periods flashing bullish signals. The 10-period exponential moving average (EMA) and simple moving average (SMA) are at $105,591 and $105,118 respectively, well below the current price. Longer-term EMAs and SMAs continue to show strength, with the 200-period EMA and SMA resting at $91,916 and $95,352. This strong alignment of price above all key moving averages supports continued upward movement barring a sudden shift in sentiment.Bull Verdict:Bitcoin’s current trajectory, supported by strong moving average signals and recent breakout momentum across the 1-hour and 4-hour charts, points to continued upside potential. If the price closes above $108,000, a retest of the $112,000 resistance appears likely, positioning bitcoin for a potential new leg higher.Bear Verdict:Despite short-term bullish signals, lingering concerns from the recent high-volume sell-off and a bearish moving average convergence divergence (MACD) reading suggest caution. Failure to sustain levels above $107,500 or rejection at $108,000 could trigger a reversal toward the $104,000 to $100,000 support zone.#shibbatalian BTC $SHIB

Earn Up to 100% Bonus Commission in WCT Token Vouchers with Binance Square's “Write to Earn”!

Binance Announcement
May 26
・
Verified Binance official account
This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Square is thrilled to announce an exciting new campaign for our Write to Earn participants! Eligible Binance Square creators who post qualified content on Binance Square may each earn up to 100% trading fee bonus commissions in WCT token voucher rewards from their readers’ Spot, Margin, and/or Futures WCT trade(s).

Activity Period: 2025-05-26 00:00 (UTC) to 2025-06-30 23:59 (UTC)

How to Participate:

Register on the “Write to Earn" promotion page.
Publish qualified content pieces that focus on WCT-related content (i.e., short posts, long articles, videos, polls, or audio lives) on Binance Square.
Get up to 100% in trading fee bonus commissions from regular and VIP 1 - 2 users’ Spot, Margin, and Futures trade(s) (excluding copy trading) when they complete WCT trade(s) directly after clicking on a coin cashtag (e.g., $WCT) or any of the coin price widgets in one of your qualified content pieces, as per the screenshot below.

Reward Structure:

At the end of the campaign, Binance will rank all eligible creators based on their readers' qualified WCT trading volume. Eligible creators can earn up to 100% bonus commission in WCT token rewards. The bonus commission structure is as follows:

Eligible Creators’ Rankings
Bonus Commission for WCT trading (in WCT Token Vouchers)
Top 1 - 10
100%
Top 11 - 30
50%
Top 31 - 100
40%
Other Eligible Creators
30%
Notes:

All mentioned bonus commissions are in addition to the existing ongoing Write to Earn rewards.
The reward cap per eligible creator is $5,000 in WCT during the Activity Period.
Post Now to Earn Up to 100% Commission!
For More Information

Frequently Asked Questions on Binance Square “Write to Earn” Promotion
Binance Square Will Extend “Write to Earn”: Post Content on Binance Square to Earn Up to 30% Trading Fee Commissions
Terms & Conditions:

This activity may not be available in your region.
Creators who registered for the ongoing "Write to Earn" promotion are automatically eligible for this activity and do not need to register again.
Only short posts, long articles, videos, polls, or audio lives that focus on WCT-related content and are published organically on Binance Square after users confirm their registration for this activity will count as qualified content pieces.
Creators with content pieces that contain Quiz Red Packets will not qualify for any commission rewards from this activity.
Published content pieces that are deleted or duplicated during the Activity Period will not qualify for this activity.
Binance will refer to the ongoing Write to Earn promotion rule and use the daily closing prices to calculate the commission rewards in USDC. Binance will then use the opening price of WCT/USDC on 2025-07-01 as exchange rates to calculate the final WCT commission rewards.
Rewards will be distributed in the form of WCT token vouchers to eligible users within 21 working days after the activity ends and will expire 14 days after distribution. Users will be able to log in and redeem their WCT voucher rewards via Profile > Rewards Hub.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
All participants must follow the terms and conditions of the ongoing Write to Earn promotion.
Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.
The Binance Privacy Notice shall apply for personal data collected under this Activity.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
Binance reserves the right of final interpretation of this activity.
Additional activity terms and conditions can be accessed here.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!

Binance Team

2025-05-26

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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USDC
0.9994
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