As of June 24, 2025, BTC/USD (Bitcoin/US Dollar) continues to test the crucial support level at $105,000 on the 1-hour chart. Multiple consecutive bearish candles have formed in recent hours, confirming persistent downward pressure. The market is increasingly focused on the "next key level" amidst short-term selling dominance.
This technical analysis uses fundamental technical analysis tools to interpret the current chart structure and indicators in detail and forecast the next price movements.
In the chart image, the price is moving below the 200-period moving average (blue line), which signals a continuation of the medium-term downtrend. The 200MA has acted as a resistance level during previous upward attempts, supporting the current bearish pressure.
Additionally, many recent candlesticks show upper wicks, indicating strong selling pressure at higher levels. From a moving average strategy perspective, the chart suggests that selling on rebounds is favored.
The lower panel shows that the momentum-based indicator ADX (Average Directional Index) is around 35, indicating a clear trend presence. Furthermore, the -DI (red) remains above the +DI (yellow), suggesting that the current momentum is directed downward.
This configuration supports the technical scenario of a "continuation of the downtrend." When ADX exceeds 20, trend-following strategies are generally effective, and in this case, selling on rebounds is the primary approach.
Although some bullish candlesticks appear, they remain short-lived, lacking sustained buying momentum. Around the $105,000 level, small-bodied candles and multiple lower wicks suggest this level is temporarily acting as support.
However, trading volume is gradually increasing, which implies high market attention to this key support level. A breakdown below $105,000 may trigger a sharp decline along with a spike in volume, warranting caution.
| Level | Price | Meaning / Basis |
|---|---|---|
| Short-Term Support | $105,000 | Previous lows with multiple rebound instances |
| Next Support | $104,800 | Recent lower wick low; target after psychological break |
| Short-Term Resistance | $105,250 | Near 200MA, area where price previously rejected |
| Medium-Term Resistance | $105,500 | Recent recovery high; common target for buyers |
The short-term outlook hinges on whether the $105,000 support holds. If it breaks clearly, aggressive selling could follow, potentially driving the price down to $104,800 or lower.
Conversely, if a rebound occurs at this level, the price may attempt to test resistance at $105,250–$105,500. However, considering the moving average and ADX readings, a "sell-the-rally" strategy remains more viable.
For scalping and short-term trades, it is essential to identify clear market direction while monitoring volume changes and candlestick patterns, along with setting strict stop-loss levels.
The 1-hour BTC/USD chart continues to test the critical $105,000 support. Whether the price breaks below or rebounds will significantly influence the next market move. With indicators like ADX and DMI suggesting trend continuation, selling on rebounds remains the primary strategy.
However, market reversals can occur suddenly. Thus, it’s crucial to monitor "volume," "candlestick patterns," and "indicator crossovers" around important price zones and act with caution.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please make investment decisions at your own risk.
This article analyzes BTC/USD on the 1-hour chart as it tests the key $105,000 support level. Technical indicators suggest continued bearish momentum, favoring a sell-on-rally strategy unless a clear reversal occurs.
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