Technical analysis by fxtraderanthony about Symbol BTC on 6/9/2025
https://sahmeto.com/message/3589197

fxtraderanthony
Rank: 6376
Analytical Power:
1.6

Bitcoin has been on a strong upward trend 🚀, but recent moves show signs of exhaustion as it approaches major resistance zones 🛑. The appearance of a three-drive pattern on the 4-hour chart, suggests the market could be due for a healthy correction 🔄. While the broader trend remains bullish, I'm watching for a potential pullback and then looking for renewed strength (bullish BoS) before considering new long positions. Patience and confirmation are key in these conditions! 👀✨Pullback wasn't so deep but we got the BoS for an entry
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Signal Type: Neutral
Time Frame:
30 minutesPrice at Publish Time:
$105,532.36