As of June 9, 2025, BTC/USD (Bitcoin/US Dollar) remains one of the most watched pairs in the cryptocurrency market. On the latest 1-hour chart, after a sharp drop, the price rebounded around $99,500 and is now trading in the $105,000 range.
This analysis evaluates multiple factors based on technical analysis, including moving averages, MACD, ADX, and volume, to provide insights into future trend development and trading strategy.
Currently, BTC/USD is trading above the 50EMA (blue) while facing resistance near the 200SMA (red). This structure suggests that market participants are closely watching for a medium- to long-term trend reversal.
The 50EMA is acting as support and could present a buying opportunity, while the 200SMA remains a strong resistance line. A clear breakout above this level could open the path to further gains.
The MACD line (yellow) is trending above the signal line (red), with the histogram remaining in positive territory. This indicates that the current rebound is supported by upward momentum, not just a temporary bounce.
Additionally, the upward slope of the MACD suggests increasing momentum, though caution is still advised near previous highs.
The ADX (Average Directional Index) is currently ranging between 45 and 60, indicating a strong trend is in place. When ADX is above 20, it often implies a clear directional bias in the market.
The rebound phase is accompanied by rising volume, which lends credibility to the short-term uptrend. Price movements without volume can be misleading, but in this case, the correlation with volume suggests strong underlying demand.
| Level | Price | Meaning & Rationale |
|---|---|---|
| Short-Term Resistance | $106,500 | Near recent highs, 200SMA, and psychological level |
| Next Target | $107,000 | Approaching year-to-date high, potential breakout signal |
| Short-Term Support | $104,200 | Intersection with 50EMA, likely buy zone |
| Medium-Term Support | $102,000 | Pre-rebound zone, volume cluster area |
BTC/USD is currently testing the crucial resistance around the 200SMA after a short-term rebound. With positive MACD signals, strong ADX readings, and increasing volume, the next price movement will be critical.
For short-term dip-buying strategies, $104,200 is a potential entry zone. However, resistance between $105,500 and $106,500 should be watched closely. Continued monitoring of key indicators is essential to developing a flexible trading plan.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. All trading decisions should be made at your own discretion.
A detailed analysis of the BTC/USD 1-hour chart using key technical indicators such as MACD, ADX, and volume.
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