BTC/USD Technical Analysis Report (Daily Chart)
23 June 2025
🧾 23 June
2025 – BTC/USD Technical Analysis Report (Daily Chart)
📊 Chart Overview
• Asset Name: BTC/USD (Bitcoin vs. US Dollar)
• Chart Type: Daily Candlestick Chart
• Trend: Weakening Uptrend → Possible Downtrend
• Indicators Used: EMA 50 (black), EMA 200 (blue), Candlestick Patterns
• Last Visible Price (approx.): $86,224
• Timeframe Analyzed: Nov 2024 – June 2025 (7+ months)
• Asset Name: BTC/USD (Bitcoin vs. US Dollar)• Chart Type: Daily Candlestick Chart
• Trend: Weakening Uptrend → Possible Downtrend
• Indicators Used: EMA 50 (black), EMA 200 (blue), Candlestick Patterns
• Last Visible Price (approx.): $86,224
• Timeframe Analyzed: Nov 2024 – June 2025 (7+ months)
📈 Trend Analysis
• BTC/USD was in a strong uptrend till early June 2025 but recently broke below
the EMA 50.
• Price is currently below EMA 50 and moving toward EMA 200.
• A large red candlestick on high momentum suggests a strong breakdown.
• Short-term trend looks bearish as selling pressure intensifies.
• BTC/USD was in a strong uptrend till early June 2025 but recently broke below
the EMA 50.• Price is currently below EMA 50 and moving toward EMA 200.
• A large red candlestick on high momentum suggests a strong breakdown.
• Short-term trend looks bearish as selling pressure intensifies.
🔁 Support & Resistance Zones
• 🟢 Immediate Support: ~$85,000 (recent wick low, near today's
candle)
• 🟢 Major Support: ~$80,000 (February base, psychological level)
• 🔴 Immediate Resistance: ~$95,000 (EMA 50 level)
• 🔴 Major Resistance: ~$109,000 (recent swing high)
🧭 Moving Averages Insight
• EMA 50 (black): ~94,880 – price has sharply broken below it.
• EMA 200 (blue): ~85,710 – now approaching rapidly.
•
• EMA 50 (black): ~94,880 – price has sharply broken below it.• EMA 200 (blue): ~85,710 – now approaching rapidly.
• ❌ No Golden Cross or Death Cross visible (yet).
• ⚠️ Price falling fast toward EMA 200, which could act as next major support or bounce zone.
📉 Candlestick Pattern Insight
• Latest candle: Huge red bearish engulfing (signals seller dominance).
• Previous candles: Tight range followed by this sharp breakdown – likely distribution
before drop.
• Bears appear in control short term; bulls need to defend the EMA 200 zone.
• Latest candle: Huge red bearish engulfing (signals seller dominance).• Previous candles: Tight range followed by this sharp breakdown – likely distribution before drop.
• Bears appear in control short term; bulls need to defend the EMA 200 zone.
🔊 Volume Insight (from chart)
• Volume indicator not visible in the screenshot.
• However, the size of the red candle suggests strong sell momentum –
likely high volume.
🧠 Beginner Commentary
This chart shows a sharp rejection from recent highs ($109K) and a breakdown below the 50-day EMA. Bitcoin may be
heading to retest the EMA 200 ($85.7K), a crucial zone.
For beginner traders:
This chart shows a sharp rejection from recent highs (For beginner traders:
✅ Wait and watch — do not enter during a breakdown.
⚠️ Look for a green reversal candle near EMA 200 or $80K zone for
safer buys.🚫 Avoid buying during panic unless you’re experienced in high-risk setups.
💭 Mindset Quote:
“Wait for clarity. Uncertainty is part of the game.”
📘 Swing Trading Setup: BTC/USD
|
Entry Type |
Entry Zone |
Trigger Condition |
|
Aggressive Buy |
$85,500 – $86,500 |
Bullish candle near EMA 200 |
|
Safe Buy |
$88,000 – $89,500 |
Bounce confirmed with green candle + low wick |
|
Stop Loss Type |
Price Level |
Logic |
|
Hard Stop Loss |
$82,500 |
Below Feb swing low |
|
Trend Stop Loss |
$79,500 |
Below $80K support + EMA 200 failure |
🎯 Profit Targets
• 🎯 Target
1: $94,000 – retest of EMA 50
• 🎯 Target 2: $100,000 – psychological level
• 🎯 Final Target: $109,000 – previous high
📊 Risk-Reward Example
• Entry @ $86,000, SL @ $82,500, Target @
$100,000
→ Risk = $3,500, Reward = $14,000
→ RR = 4:1 ✅
🧠 Trader's Rule of Thumb
“📌 Avoid FOMO entries — strong setups repeat often.”
📌 Expert Additions
- ✅ Chart-Reading Trick:
Watch the slope of the EMA lines — if both are sloping down, avoid long trades. - ✅ Trade Management Rule:
Book 50% profits at Target 1, then move your stop loss to breakeven.
📎 Visual Chart Breakdown (from image)
• “
• “⚠️ Support zone around $85,000 – EMA 200 may act as a bounce point.”• “❌ Price broke down sharply from EMA 50 – trend weakening.”
• “🟥 Large red candle = strong seller activity.”
• “📉 Bulls need a clean bounce above $88K to regain control.”
📸 Image Credit:
Chart from TradingView | Screenshot date: 23 June 2025
Chart from TradingView | Screenshot date: 23 June 2025⚠️ Disclaimer
This technical analysis is for educational purposes only. It is not
financial advice. Cryptocurrency markets are volatile. Do your own research
or consult a professional advisor before trading.
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