📊 BTC/USD 30-Min Chart Analysis – June 28, 2025
🔍 Technical Outlook: Bitcoin is currently facing strong resistance at the 107,543 level. After testing this zone multiple times, the price appears to be losing upward momentum.
🔼 Resistance Zone: 107,416 – 108,007 (Red zone)
🔽 Support Zone: 106,516 (Target level in green)
🔁 Market Structure: Price has been moving in a range but recently formed a rising wedge (green zone), indicating potential for a bearish breakout.
📉 Expected Move: If BTC fails to break above 107,543 and gets rejected, we may see a sharp drop toward the 106,516 support. This move aligns with the bearish arrow shown.
⚠️ Key Levels to Watch:
🔺 Resistance: 107,543
🔻 Support: 106,516
🔄 Mid-level: 107,237 (minor support)
📌 Conclusion: Watch for a bearish confirmation below 107,237. If the price holds below this, a potential short setup becomes valid targeting the green support zone.
🔍 Technical Outlook: Bitcoin is currently facing strong resistance at the 107,543 level. After testing this zone multiple times, the price appears to be losing upward momentum.
🔼 Resistance Zone: 107,416 – 108,007 (Red zone)
🔽 Support Zone: 106,516 (Target level in green)
🔁 Market Structure: Price has been moving in a range but recently formed a rising wedge (green zone), indicating potential for a bearish breakout.
📉 Expected Move: If BTC fails to break above 107,543 and gets rejected, we may see a sharp drop toward the 106,516 support. This move aligns with the bearish arrow shown.
⚠️ Key Levels to Watch:
🔺 Resistance: 107,543
🔻 Support: 106,516
🔄 Mid-level: 107,237 (minor support)
📌 Conclusion: Watch for a bearish confirmation below 107,237. If the price holds below this, a potential short setup becomes valid targeting the green support zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.