🧾 24 June 2025 – BTC/USD Technical Analysis Report (Daily Chart)
📊 Chart Overview
• Asset Name: BTC/USD (Bitcoin vs. US Dollar) Crypto
• Chart Type: Daily Candlestick Chart
• Trend: Short-term sideways with previous uptrend structure
• Indicators Used:
• EMA 50 (Black line)
• EMA 200 (Blue line)
• Volume (Visible on lower pane)
• Last Visible Price (approx.): $105,741
• Timeframe Analyzed: Last 7 months (from Dec 2024 to June 2025)
📈 Trend Analysis
• BTC had a clear uptrend from April to early June, but the last 2 weeks show sideways and slightly weakening structure.
• Price is currently hovering slightly above EMA 50, suggesting indecision.
• It has bounced back multiple times from EMA 200 in April-May, confirming strong long-term support.
🔁 Support & Resistance Zones (Visually Derived)
• ✅ Immediate Support: $103,200 – near 50 EMA and recent candle wicks
• ✅ Major Support: $93,800 – aligned with EMA 200
• 🔶 Immediate Resistance: $108,500 – previous high zone
• 🔶 Major Resistance: $114,000 – failed breakout in March
🧭 Moving Averages Insight
• EMA 50: $103,240
• EMA 200: $93,802
• 📌 No golden/death cross recently — EMAs are in proper bullish order
• Price is between both EMAs = neutral zone, watch for clean bounce or breakdown
📉 Candlestick Pattern Insight
• Last few candles: indecision-type (small bodies, long wicks)
• ⚠️ Previous red engulfing suggests bearish pressure, but today's green candle is testing rebound
• No confirmed breakout yet = wait-and-watch mode
🔊 Volume Insight
• Volume bar relatively average, not strong enough for breakout confirmation
• 📌 Volume spike in early June failed to push price to new highs = possible buyer exhaustion
🗣️ Beginner Commentary
Bitcoin recently rallied but now seems confused — it’s stuck between strong moving averages. While it bounced off long-term support earlier (EMA 200), it's struggling to push higher. Traders should be cautious. Don’t rush in.
👉 If BTC bounces clearly from $103,000+ with strong green candles, it may be a buy.
⚠️ But if it falls below $103K or especially $93K, bears might take control.
🧘 “Wait for clarity. Uncertainty is part of the game.”
📘 Swing Trading Setup: BTC/USD
| Entry Type | Entry Zone | Trigger Condition |
|---|---|---|
| Aggressive Buy | $103,200–104,000 | Green candle near 50 EMA with bounce wick |
| Safe Buy | $106,500+ | Breakout above resistance with strong volume |
| Stop Loss Type | Price Level | Logic |
|---|---|---|
| Hard Stop Loss | $102,500 | Below recent swing low |
| Trend Stop Loss | $93,500 | Below EMA 200 — major structure invalidation |
🎯 Profit Targets
• 🎯 Target 1: $108,500 – immediate resistance
• 🎯 Target 2: $112,000 – psychological level
• 🎯 Final Target: $114,000+ – previous double top region
📊 Risk-Reward Example
• Entry @ $104,000, SL @ $102,500, Target @ $108,500
→ RR = (4,500 gain / 1,500 risk) = 3:1 ✅
🧠 Trader's Rule of Thumb
“Avoid FOMO entries — strong setups repeat often.”
📌 Expert Additions
-
✅ Chart Reading Trick: If EMA 50 starts turning downward and flattens, it may warn of breakdown.
-
✅ Trade Management Tip: Always book 50% profits at first target to lock gains and reduce stress.
📎 Visual Chart Breakdown (based on screenshot)
• "Support zone around $103,000 – watch for bounce"
• "EMA 200 acting as last-resort dynamic support"
• "Price recently rejected near $108,500 resistance"
• "Indecision candles – market waiting for a trigger"
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