6 June 2025 Latest BTC/USDTechnical Report Daily Chart

 6 June 2025 Latest BTC/USDTechnical Report Daily Chart 

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🧾 BTC/USD Technical Report (Daily Chart – As on 6th June 2025)

✅ Chart Basics:

• Asset: Bitcoin vs US Dollar (BTC/USD)
• Chart Type: Daily Candlestick Chart
• Timeframe Analyzed: 6 months
• Price: $101,875.35
• Change: +0.30% for the day
• Indicators Used:
• EMA 50 (Exponential Moving Average - Short Term)
• EMA 200 (Exponential Moving Average - Long Term)

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📊 Key Technical Parameters for Beginners:

1. 📈 Trend Overview

• Bitcoin is currently in an uptrend since mid-April 2025.
• The price is above the 200 EMA (blue line), indicating long-term bullish strength.
• Recently, there has been a pullback from a local high (around $110,000), but the uptrend is not broken.

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2. 🔁 Support & Resistance Zones

• Immediate Support: ~$98,000 (recent swing low)
• Major Support: ~$91,450 (200 EMA)
• Immediate Resistance: ~$104,500 (recent local top)
• Major Resistance: ~$110,000 (previous major high)

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3. 🧭 Moving Averages Insight

• EMA 200 (Long-Term): $91,450 – Price is well above this, showing strong bullish momentum.
• EMA 50: Not visible directly but assumed to be between $96,000–$99,000. Price recently pulled back toward it.
• No bearish crossover yet = Bullish continuation likely.

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4. 📉 Candlestick Pattern

• The last candle is a small-bodied green candle after two strong red candles. This could be an early sign of:
• Bearish weakness
• Possible sideways consolidation or reversal.

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5. 📊 Volume Insight

• Volume is low or not available. Be cautious; lack of volume means price movements could be less reliable.

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6. ⚙️ Indicator Insight (Hash Ribbons)

• Hash Ribbons Alert Active: “Buying opportunity” is suggested.
• Miners previously under stress; now signs of recovery — historically a bullish signal.

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🗒️ Summary for Novice Traders:

Parameter	Status	Implication
Price above 200 EMA	✅ Bullish	Long-term strength
Short-term pullback	⚠️ Healthy correction	Watch for reversal signal
Volume	❌ Low	Use caution for big entries
Hash Ribbons	✅ Bullish signal	Positive miner sentiment
Resistance Nearby	⚠️ Around $104.5k	Possible rejection area
Support Close	✅ $98k – $91.5k	Good safety nets for buyers

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📅 Daily Commentary – 6th June 2025

Bitcoin is currently trading at $101,875, marking a modest recovery of +0.30% after recent selling pressure from the $110,000 zone. While two red candles earlier this week hinted at correction, today's green candle—though small—suggests that selling may be weakening. This type of candle often appears during pause periods where the market is deciding its next move.

The 200-day EMA (around $91,450) remains well below the current price, signaling that Bitcoin is still in a strong long-term uptrend. Even after the pullback, the price has not breached major support zones, which is reassuring for longer-term holders and swing traders.

Today’s Hash Ribbon indicator suggests that miners have begun recovering from stress. Historically, this has often preceded a strong price recovery, making it a positive long-term signal.

🔍 What should a new trader do today?

• Avoid panic selling unless BTC closes below $98,000 support.
• Consider cautious buying if BTC shows green candle confirmation tomorrow.
• Watch the resistance zone near $104,500 closely. A strong rejection there could lead to another retest of support.
• Best strategy today: Wait and watch. Market may consolidate or slowly start recovering. Avoid leverage unless you're experienced.

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🧘‍♂️ Novice Trader Mindset for the Day:

“Trend is your friend until it ends.”
Let the market show confirmation before jumping in. You're not missing out — you're waiting for clear, high-probability setups.

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Here is a swing trading setup for BTC/USD based on the current daily chart as of 6th June 2025, designed for new and intermediate traders using a structured approach:

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📘 Swing Trading Setup: BTC/USD

🧭 Trend Overview:

• BTC is in a long-term uptrend (above 200 EMA).
• Recent pullback from local top is healthy correction, not trend reversal.
• Short-term volatility is creating potential swing opportunities.

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🔐 Trade Strategy: Buy the Dip – Ride the Trend

✅ ENTRY ZONE

Entry Type	Entry Price Range	Trigger Condition
Aggressive Buy	$100,000–$101,500	Green candle close above prior red candle
Safe Buy	$98,000–$99,000	Bounce from this support + bullish candle

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📉 STOP LOSS ZONE

Type	Price Level	Logic
Hard Stop Loss	$96,000	Below recent local swing low
Trend Stop Loss	$91,500	Below 200 EMA – trend invalidation

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🎯 TARGETS

Target Level	Reason
$104,500	Near-term resistance (recent swing high)
$108,000	Psychological + upper range retest
$110,000	Major resistance / take partial profits here

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📊 RISK-REWARD RATIOS

• Entry @ $100,500, SL @ $96,000, Target @ $108,000
  → RR = 1.8:1 ✅ Good
• Entry @ $98,000, SL @ $91,500, Target @ $108,000
  → RR = 1.6:1 ✅ Still favorable

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🧠 Swing Trader Guidelines:

• 🕐 Timeframe: Hold 3 to 10 days
• ⛔ Avoid overleveraging, especially with volatility spikes
• 🟢 Re-enter on pullbacks to EMA zones if price structure remains intact
• 🧩 Break below $91,000 = trend change → Exit or reassess

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🔁 Trade Management Tips

Step	Action
After +3% gain	Move stop loss to breakeven
After target 1	Book 50% profit, trail rest to entry
Daily candle red	Wait for next green candle to re-confirm

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