Technical analysis by mpd about Symbol BTC on 7/6/2025

BTC is compressing in a falling channel: in my view in the short term it could retrace at least to the channel mid line (around 104k) maybe to the channel lower trendline (around 97,5 - 97,8k). Once the channel will be broken BTC will reach final bullish cycle target in the range (132,109k - 132.700k) , then bearish cycle will start in autumn