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๐ BTC Market Analysis โ Deep Dive ๐ | 4 June 2025
Bitcoin is currently consolidating near key levels, and the market is showing signs of an imminent breakout. Letโs break down what weโre seeing:
๐ง Technical Analysis Insight:
Support Zone: Holding firm around $104,000 โ $105,000
Resistance Level: Watching closely at $106,800 โ $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
๐ Price Structure: BTC is forming a tight symmetrical triangle on the 4H chart โ a breakout is likely within the next 24โ48 hours. A breakout above resistance could ignite momentum towards the $110Kโ$112K zone. A breakdown below support might test the $102K range.
๐ What Iโm Watching:
DXY weakness (supportive for BTC bullish bias)
ETH/BTC pair showing strength (altseason hints?)
BTC Dominance slightly declining (risk-on sentiment building)
๐จ Conclusion: Weโre in a high-stakes zone right now. Stay sharp โ breakout traders should wait for confirmation, while swing traders might consider layered entries around support with tight stop-losses.
๐ฌ Drop your thoughts below.
#Bitcoin# #BTCUpdate# #CryptoMarket# #Gateio# #BullRun2025#