Technical analysis by MarketsPOV about Symbol BTC on 6/11/2025

Bitcoin (BTC) – Testing Resistance, Ready for Reversal or BreakoutTechnical Outlook — June 11, 2025Current Market Condition:Bitcoin (BTC/USDT) is currently trading around $108,644 following a modest decline of -1.48% on the daily chart. After a bullish recovery from the $92,000–$96,000 zone, BTC has approached a strong resistance band near $112,000. The current structure suggests the market is in a critical phase — either poised to break higher or risk a deeper retracement toward key demand levels.Key Technical Highlights:Price is trading above the 50 EMA (blue) and the 200 MA (red), suggesting a bullish short- to medium-term bias.The $112,000 zone is acting as a strong resistance, where BTC has previously faced rejections.The ascending yellow parallel channel outlines the broader uptrend structure — BTC remains well within bounds, showing potential for continuation.The Stochastic Oscillator is climbing, indicating building bullish momentum but nearing overbought territory, which could trigger short-term pullbacks.Immediate supports are found near $104,000 and $96,000. A failure to hold above $104,000 could trigger downside pressure.Trade Plan:✅ 1. Bullish Breakout (Long) – Most Probable ScenarioTrigger: Daily close above $112,000 with strong volume and momentumTarget: $122,000 - $125,000Stop Loss: Below $109,000⚠️ 2. Bearish Rejection (Short) – Possible ScenarioTrigger: Bearish reversal candle at $112,000 or daily close below $106,000Target: $102,000, then $92,000Stop Loss: Above $111,000📉 3. Dip Buy Setup – Last ScenarioTrigger: Price retests and holds $96,000 or $92,000 with a bullish reversal signal (e.g., pin bar, hammer)Target: Immediate resistance at $104,000, then $112,000Stop Loss: Below $91,000Risk Management:Always apply proper risk management, including clear stop-loss placement and responsible position sizing. Bitcoin can react aggressively to macroeconomic events and regulatory news — monitor sentiment closely when near major technical levels.📢 If you found this analysis valuable, kindly consider boosting and following for more updates.⚠️ Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.