Bitcoin is currently consolidating near key levels, and the market is showing signs of an imminent breakout. Let’s break down what we’re seeing:
🧠 Technical Analysis Insight:
Support Zone: Holding firm around $104,000 – $105,000
Resistance Level: Watching closely at $106,800 – $107,000
Key Indicators:
RSI cooling down from overbought territory, now stabilizing
MACD showing early bullish crossover
Volume decreasing slightly, suggesting a potential squeeze setup
📉 Price Structure: BTC is forming a tight symmetrical triangle on the 4H chart — a breakout is likely within the next 24–48 hours. A breakout above resistance could ignite momentum towards the $110K–$112K zone. A breakdown below support might test the $102K range.
🚨 Conclusion: We’re in a high-stakes zone right now. Stay sharp — breakout traders should wait for confirmation, while swing traders might consider layered entries around support with tight stop-losses.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
📊 BTC Market Analysis – Deep Dive 🔍 | 4 June 2025
Bitcoin is currently consolidating near key levels, and the market is showing signs of an imminent breakout. Let’s break down what we’re seeing:
🧠 Technical Analysis Insight:
Support Zone: Holding firm around $104,000 – $105,000
Resistance Level: Watching closely at $106,800 – $107,000
Key Indicators:
RSI cooling down from overbought territory, now stabilizing
MACD showing early bullish crossover
Volume decreasing slightly, suggesting a potential squeeze setup
📉 Price Structure: BTC is forming a tight symmetrical triangle on the 4H chart — a breakout is likely within the next 24–48 hours. A breakout above resistance could ignite momentum towards the $110K–$112K zone. A breakdown below support might test the $102K range.
📈 What I’m Watching:
DXY weakness (supportive for BTC bullish bias)
ETH/BTC pair showing strength (altseason hints?)
BTC Dominance slightly declining (risk-on sentiment building)
🚨 Conclusion: We’re in a high-stakes zone right now. Stay sharp — breakout traders should wait for confirmation, while swing traders might consider layered entries around support with tight stop-losses.
💬 Drop your thoughts below.
#Bitcoin# #BTCUpdate# #CryptoMarket# #Gateio# #BullRun2025#