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: $105.1KKey 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 intactHigher Highs and Higher Lows are still in playVolume 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 breakLet the market come to you. Trade smart, not just hopeful.