📊 Bitcoin (BTC/USDT) Daily Technical Analysis — June 23, 2025 📉🚀
🧠 Chart Overview:
This is a daily candlestick chart of Bitcoin (BTC) against Tether (USDT) on Binance. The market is currently trading at $101,716.60, showing a mild bullish gain of +0.75% for the day.
🔍 Key Technical Levels:
🔵 Major Support Zone (Highlighted in Blue):
Price is sitting on a crucial support level (~$101,000 – $102,000) that has acted as a strong zone of interest both historically (left red arrow) and recently (right red arrow).
📉 Breakdown in Progress?
The price has broken below a previous low, as marked with the blue arrow and text box:
"Previous low breakout — let's see is this original or fake?"
This indicates a potential fakeout or a true bearish reversal, depending on upcoming price action.
📍Resistance Levels Above:
$105,810.31 (🟣 Minor resistance)
$108,814.27 (🟣 Mid-range resistance)
$111,818.23 (🟣 Key resistance / potential top)
📍Support Levels Below:
$97,599.48 (🩷 Initial downside support)
$92,993.40 (🩷 Strong support from previous consolidation)
$88,687.73 (🩷 Bearish target if deeper selloff occurs)
📈 Price Action & Candlestick Behavior:
The market failed to hold above $105,000, showing selling pressure at highs.
Recent candles suggest weak buyer reaction at the current support — if no bounce appears, this increases downside risk.
Watch for bullish reversal candlesticks (like hammer or bullish engulfing) at current level for potential recovery.
✅ Bullish Case (🚀 Recovery Potential):
If price reclaims the support zone and closes back above $103,000–$105,000, it may confirm the fakeout and initiate a bounce toward $108K–$111K.
❌ Bearish Case (⚠ Breakdown Confirmation):
A confirmed daily close below $100,000, especially with volume, will likely target $97K, $93K, or even $88K. Trend will then turn clearly bearish.
🧭 Conclusion & Strategy:
📌 Critical decision point.
The market is at a key inflection zone. Traders should wait for:
Confirmation candle to determine breakout validity
Potential bullish recovery back into range
Or further breakdown with volume below $100K
🎯 Best approach: Use tight stop losses & react to price behavior near the current support.
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