🧾 9 June 2025 – BTC/USD Technical Analysis Report (Daily Chart)
🧘♂️ Mindset Quote:
"Wait for clarity. Uncertainty is part of the game."
📊 Chart Overview.PNG "9 June 2025 – BTC/USD Technical Analysis Report (Daily Chart)")
.PNG "9 June 2025 – BTC/USD Technical Analysis Report (Daily Chart)")
• Asset Name: BTC/USD
• Chart Type: Daily Candlestick
• Trend: Short-term pullback in an overall uptrend
• Indicators: EMA 50 (not shown), EMA 200 (visible), Candlestick Patterns
• Last Visible Price (approx.): $105,755
• Timeframe Analyzed: Past 8 months
📈 Trend Analysis
• BTC/USD is still in an uptrend, especially after a strong rally in May.• Price is well above the 200 EMA, indicating long-term bullish sentiment.
• Currently experiencing a mild pullback after hitting resistance around $110,000.
🔁 Support & Resistance Zones
• Immediate Support: $103,600 (recent bounce zone)• Major Support: $92,000 (near 200 EMA)
• Immediate Resistance: $106,600 (intraday rejection seen)
• Major Resistance: $110,000 (recent swing high)
🧭 Moving Averages Insight
• EMA 200 (approx.): $91,896• Price is clearly above EMA 200 = Bullish structure
• No death cross/golden cross on chart now — just price sustaining above long-term support
📉 Candlestick Pattern Insight
• Last few candles show small-bodied candles with wicks – signs of indecision• A bullish engulfing or breakout candle above $106,600 is needed to confirm a continuation
• Bears are active at resistance, but bulls are defending the support
🔊 Volume Insight
• Volume bar is minimal (Vol: 20), which indicates low conviction during this pullback.• Need rising volume to validate next move.
🗣️ Beginner Commentary
Bitcoin is taking a breather after a strong rally. The price is holding above the key support of $103,600 and the long-term bullish line (EMA 200). Bulls are still in control overall, but they’re facing resistance near $106,600–$110,000.📌 A safe approach is to wait for a green candle breakout above $106,600.
⚠️ Don’t rush — volume confirmation and candle strength matter.
✅ Wait patiently and don’t fear missing out.
📘 Swing Trading Setup: BTC/USD
| Entry Type | Entry Zone | Trigger Condition |
|---|---|---|
| Aggressive Buy | $103,600 – $105,000 | Green candle after red near support |
| Safe Buy | $106,600+ | Breakout above resistance with volume |
| Stop Loss Type | Price Level | Logic |
|---|---|---|
| Hard Stop Loss | $101,000 | Below bounce zone and recent swing low |
| Trend Stop Loss | $91,800 | Below EMA 200 and major structure |
🎯 Profit Targets
• Target 1: $108,800 – swing resistance
• Target 2: $110,000 – psychological round number
• Final Target: $115,000 – recent high zone
📊 Risk-Reward Example
• Entry @ $105,000, SL @ $101,000, Target @ $110,000
→ RR = 1.25:1 ✅
(Safe buy offers better RR when breakout is confirmed)
🧠 Trader's Rule of Thumb
“Avoid FOMO entries — strong setups repeat often.”
📌 Expert Additions
-
Chart-Reading Trick: Watch the slope of EMA 200 — a rising curve = stronger trend.
-
Trade Management Rule: Always book 50% at Target 1, and trail the rest to lock in gains.
📎 Visual Chart Breakdown (as text labels)
• “Support zone around $103,600 – watch for bounce”
• “Price above EMA 200 = bullish structure intact”
• “Currently facing resistance at $106,600”
• “Candles show indecision – wait for confirmation”
This technical analysis is for educational and personal study purposes only. It is not trading or investment advice. Please do your own research or consult a financial advisor before making any trading decisions. Cryptocurrency markets are volatile and carry risk.
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