๐ [BTC/USDT Update - June 23, 2025] ๐ Current Price: $100,895 ๐ Timeframe: 1H | Mixed Technical Signal
๐จ What Happened? BTC has experienced a decline after failing to maintain the $111,980 area and is now moving sideways around the EMA 30 ($104,601). RSI has dropped to 46 โ a sign of starting to become overbought.
๐ฃ Brief Conclusion: BTC is currently in a healthy accumulation zone. This correction could be a buying opportunity if it bounces back from $98K. Beware of a deeper breakdown if BTC fails to hold above $100K!
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๐ [BTC/USDT Update - June 23, 2025]
๐ Current Price: $100,895
๐ Timeframe: 1H | Mixed Technical Signal
๐จ What Happened?
BTC has experienced a decline after failing to maintain the $111,980 area and is now moving sideways around the EMA 30 ($104,601). RSI has dropped to 46 โ a sign of starting to become overbought.
๐ Technical Analysis:
โข EMA5 < EMA10 < EMA30 โ Short-term bearish signal
โข MACD weakens, negative histogram
โข Stoch RSI oversold โ technical rebound opportunity
๐ฏ Potential Spot Investment Point:
๐ Strong support area: $98,200 - $100,000
๐ Target rebound: $104,500 - $107,000
๐ฃ Brief Conclusion:
BTC is currently in a healthy accumulation zone. This correction could be a buying opportunity if it bounces back from $98K. Beware of a deeper breakdown if BTC fails to hold above $100K!
๐DYOR & use risk management!
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