As of June 17, 2025, BTC/USD (Bitcoin/US Dollar) is trading within a narrow range around the $107,000 level on the 1-minute chart. Although there was a slight downward trend earlier, selling pressure has since eased, showing signs of a rebound. In this analysis, based on technical analysis, we explore short-term price movements and possible trading strategies using moving averages, MACD, ADX, and volume.
The moving averages (MAs) on the chart—short, medium, and long-term—are all positioned above the current price. Specifically, the 50MA (blue) and 200MA (red) are acting as clear resistance levels. Unless the price closes above these, a full bullish reversal remains limited. A close above $107,150 is likely required to confirm a trend shift.
This structure suggests that buyers remain cautious, creating an environment favorable to selling into rallies. The convergence of MAs also signals that a large price move could be imminent.
The ADX (Average Directional Index), a measure of trend strength, is currently below 25. This implies that the market lacks a clear direction and continues to move within a range. Until ADX starts rising above the 20–25 range, a shift to a trending market will be difficult.
However, a reversal after a low ADX reading often precedes the start of a new trend, making it crucial not to overlook the first signs of momentum.
MACD (Moving Average Convergence Divergence) is a widely used momentum-based technical indicator. Currently, the MACD line (yellow) is below the signal line (red), but the gap between them has been narrowing, suggesting a potential crossover.
In addition, the MACD histogram is showing a move from negative to positive territory, indicating the possibility of recovering momentum. This suggests that momentum is shifting from selling to buying.
Volume has been generally subdued, reflecting a wait-and-see attitude among investors. A sudden surge in volume accompanied by a strong candlestick may signal a breakout.
In range-bound markets like the current one, timing entry/exit decisions based on volume spikes is crucial.
Level | Price | Meaning / Rationale |
---|---|---|
Short-Term Resistance | $107,150 | Intersection of 50MA and recent high |
Strong Resistance | $107,250 | Key zone indicated by 200MA |
Short-Term Support | $107,000 | Psychological level and current range bottom |
Next Support | $106,900 | Recent low with confirmed rebounds in past |
BTC/USD is currently moving in a range without clear direction. However, signs of MACD reversal and ADX bottoming suggest the market may be preparing for a breakout. For short-term traders, a confirmed breakout above $107,150 could signal a long opportunity, while a drop below $106,900 may indicate a bearish scenario.
In such a phase, it's safer to avoid premature entries and wait for clear signals aligning breakout and momentum. A focus on risk-reward ratio is essential for sound positioning.
Overall, BTC/USD is consolidating around $107,000, potentially preparing for the next trend shift. Analysis based on multiple technical indicators—MAs, MACD, and ADX—provides valuable guidance for planning entries and exits.
To confirm a bullish reversal, we need to see price breaking above the moving averages, a positive MACD crossover, and a rising ADX. Capturing the moment when all these signals align could be the key to successful trading.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please trade at your own discretion and responsibility.
Note: This article is for informational purposes only and does not constitute investment advice. Always conduct your own research and consult with a qualified financial advisor before making any trading decisions.
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