Technical analysis by x_Akki about Symbol BTC: Buy recommendation (6/2/2025)

Bitcoin ( BTCUSDT ) is holding strong above the psychological $100K mark, maintaining its bullish market structure on the weekly timeframe. However, technical indicators are flashing early signs of a possible short-term correction before another leg up. 🔍 Technical Analysis: Current price: $105.1K Key support zone: $89K (strong demand area + weekly structure retest) Resistance to watch: $120K (major weekly supply zone + psychological level) Stochastic RSI is currently overbought at 94+, which historically tends to trigger a healthy retracement before further upside continuation. 📊 Market Structure: BTC remains well above the 200-week EMA, keeping bullish momentum intact Higher Highs and Higher Lows are still in play Volume is steady, showing no major distribution at the moment 📈 Sentiment Check: Fear & Greed Index: 64 (Greed) → Suggests bullish sentiment is high → Greed often precedes short-term pullbacks or consolidation 🧭 Outlook: A short-term correction toward the $89K–$92K zone is likely, as part of a healthy market cycle. If support holds, BTC could rally back up with a mid-term target around $120K. ✅ Summary: 🔵 Bullish structure still intact ⚠️ Overbought signal = possible retracement 🎯 Mid-term target: $120K 🧘‍♂️ Don’t chase — wait for price to breathe, not break Let the market come to you. Trade smart, not just hopeful.