Technical analysis by x_Akki about Symbol BTC: Buy recommendation (6/9/2025)

Bitcoin ( BTCUSDT ) continues to maintain its bullish structure, now trading around $106.6K. While price action looks strong, the market is approaching a key resistance zone between $110K–$120K, with technical signals hinting at a possible short-term rejection before further upside. 🔍 Technical Overview Current Price: $106,654 Resistance Zone: $110K – $120K Support Zone for Pullback: $98K – $100K 200 EMA & 100 EMA: Still trending up and providing strong base support The chart suggests a potential "rejection-retest-rally" structure forming, where BTC may temporarily pull back before making a fresh push toward new highs. 📊 Momentum & Indicators Stochastic RSI on the daily timeframe recently bottomed and is starting to curl back up — a potential bullish shift in momentum Volume remains stable — no signs of aggressive distribution or FOMO activity yet 💬 Sentiment & Structure The current structure remains healthy, with HH-HL (higher high - higher low) formation intact. Market sentiment is optimistic but not yet euphoric, which is ideal for continued accumulation. Short-term traders may look for a pullback opportunity near the $98K–$100K zone before re-entering. 🎯 Mid-Term Outlook If BTC holds the $98K–$100K range during a pullback, it could act as a springboard toward the $120K target in the coming weeks. ✅ Summary 🔵 Bullish trend intact 📉 Possible short-term pullback before breakout 📈 Mid-term target remains: $120K 🚫 Avoid chasing breakouts — position wisely at key supports Let the price come to you. Patience pays more than FOMO.