Technical Analysis – BTC/USD Technical Analysis – BTC/USD
📅 Date: June 11, 2025
🔍 Key Observations:
🔴 Resistance Zone – $110,000 to $111,800
Price has tested this resistance block twice (🔴 red arrows) and rejected both times, indicating strong selling pressure in this zone.
Rejection candles show long upper wicks, suggesting failed attempts by bulls to break above.
🟢 Support Zone – $101,800 to $103,500
This demand zone has been respected multiple times (🟢 green arrows), showing a solid base for potential bounces.
Price action previously rallied strongly after touching this level.
📦 Supply to Demand Play
Price made a sharp bullish move from support to resistance (📘 blue box shows the impulsive move).
After reaching resistance, the price is failing to break above, indicating possible exhaustion of bullish momentum.
📉 Potential Move:
🔽 Short-Term Bearish Bias
If price fails to hold current levels and breaks below the small consolidation (after blue box), we may see a drop to ~$105,583 (🔵 purple line = key level).
If that breaks, next likely destination is the support zone around $102,000 (⬇️ downward arrow path).
⚠️ Risk Notes:
🔁 Watch for any false breakouts or liquidity grabs above resistance.
📉 If bearish momentum increases below $105,583, sellers may take control in the short term.
✅ Trade Idea (Hypothetical):
Sell/Short near resistance (⚠️ confirmation needed like bearish engulfing or failed breakout)
Target 1: $105,583
Target 2: $102,000 zone
Stop-loss: Above $111,800 (invalidates setup)
📌 Summary:
BTC/USD is currently stuck between a well-defined resistance and support range. Unless bulls break above $111,800 with strong momentum, the structure favors a potential pullback toward the demand zone. ⚖️
