📊 Bitcoin (BTC/USDT) Technical Analysis – 4H Chart
🗓️ Date: June 8, 2025
🕒 Timeframe: 4-Hour (4H)
💰 Current Price: ~$105,500
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🔹 Market Overview
Bitcoin has recently bounced from a strong demand zone near $104,084 and is now testing a key descending trendline resistance. Price action is tightening, suggesting a possible breakout or rejection soon.
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🔍 Key Technical Highlights
📈 Trendline Resistance:
A well-respected descending trendline is being tested.
Last touched highs: $111,959 → $106,924 → current $105,500
Price needs a clean breakout to shift structure bullish.
🟩 Support Zones:
$104,084 – Immediate support (recent bounce area)
$101,244 – Major demand zone (critical for bullish sentiment)
$99,050 – Long-term structure support
🟥 Resistance Zones:
$105,500 – Current resistance (Trendline test)
$106,924 – Minor resistance above trendline
$109,764 & $111,959 – Key swing highs
📉 Previous Price Action:
BTC was in a clear downtrend since the peak at $111,959.
Recent structure shows a potential reversal attempt if resistance breaks.
🗓️ Date: June 8, 2025
🕒 Timeframe: 4-Hour (4H)
💰 Current Price: ~$105,500
---
🔹 Market Overview
Bitcoin has recently bounced from a strong demand zone near $104,084 and is now testing a key descending trendline resistance. Price action is tightening, suggesting a possible breakout or rejection soon.
---
🔍 Key Technical Highlights
📈 Trendline Resistance:
A well-respected descending trendline is being tested.
Last touched highs: $111,959 → $106,924 → current $105,500
Price needs a clean breakout to shift structure bullish.
🟩 Support Zones:
$104,084 – Immediate support (recent bounce area)
$101,244 – Major demand zone (critical for bullish sentiment)
$99,050 – Long-term structure support
🟥 Resistance Zones:
$105,500 – Current resistance (Trendline test)
$106,924 – Minor resistance above trendline
$109,764 & $111,959 – Key swing highs
📉 Previous Price Action:
BTC was in a clear downtrend since the peak at $111,959.
Recent structure shows a potential reversal attempt if resistance breaks.