Technical analysis by Ryn8111 about Symbol BTC on 6/22/2025

Previous Week: BTCUSDT BTCUSDT.P Bias: Spot buyer within 93.5k–88k BTC zone. This is the key support region Structure: - Weekly fair value gap sits between 93.5k–88k - Still trending lower, no reversal yet confirmed - Weekly has swept previous ATH and rejected without displacement Plan: - Watch for Bitcoin to move into 93.5k–88k - No trading Monday - sitting flat - Iran’s retaliation risk still unpriced — major global risk looming - Structure or weekly reaction will determine next steps Macro: - Global risk extremely elevated with increased escalation risk from a potential Iranian response - Risk assets like crypto are broadly unattractive in this environment - Capital preservation is still critical A key issue I dislike about this structure is the similarities it shares with the 2021 bull run, where we swept previous ATH, failed to displace and then rejected and moved -77% I do not think we will see a -77% move however but a scenario where this shares similar structure and we visit the 70-60s is without doubt a clear probability and one that must be acknowledged This week will be absolutely critical to be patient and watch how the middle east situation evolves. We are heading into a potentially very dangerous and uncertain era so caution is critical