๐ BTC Daily Analysis โ June 27
๐ 1D Chart Overview:
Price is approaching the upper Bollinger Band.
MA20 trending upward โ positive signal.
Price has broken above resistance near MA20 and is now approaching the next key barrier at $110,000.
The latest daily candle closed strongly at the top โ indicating bullish momentum remains intact.
๐ 1D Conclusion:
BTC is in a medium-term uptrend, but as it nears resistance, thereโs a chance for a minor pullback or sideways consolidation before attempting another breakout.
โฑ๏ธ 4H Chart Highlights:
Price hit the upper Bollinger Band and is showing signs of stalling โ signaling a short-term overbought zone.
Bollinger Bands are expanding, suggesting high volatility and a potential short-term correction.
MA20 on the H4 chart is holding support well around $106,600 โ $106,800.
๐ 4H Conclusion:
Expect a technical pullback to $106,000 โ $106,500 before potentially rebounding higher.
A break below MA20 H4 risks testing the $104,500 โ $105,000 zone.
๐ฏ Most Likely Scenario (~60-70%)
BTC may:
Pull back slightly, consolidate around $106K โ $107K
Then head back up to test $110K โ $111K
If BTC fails to break $110K, it could form a distribution zone and enter a sideways top.
๐ Strategy Suggestions
If holding BTC: Hold, consider partial take-profits at $110K โ $111K
Looking to buy: Wait for a dip toward $106K โ $105K
Caution: If price breaks below $104,500, expect short-term downtrend risks.
I donโt know who you are, but to everyone out there โ be careful, my brothers.
