As of June 6, 2025, Bitcoin (BTC) is trading at approximately $101,456, experiencing a decline of about 3.2% over the past 24 hours. The price has fluctuated between an intraday high of $105,888 and a low of $100,781.

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📐 1. Fibonacci Retracement Analysis (1D)

Swing High: ~$111,924

Swing Low: ~$103,000

Key Fibonacci Levels:

0.236: ~$105,770 – BTC is currently trading below this level, indicating potential resistance.

0.382: ~$107,500 – A break above this level could signal bullish momentum.

0.618: ~$109,700 – Surpassing this would confirm a strong bullish trend.

BTC is consolidating below the 0.236 level. A daily close above $107,500 would strengthen the bullish outlook.

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📊 2. Moving Averages (MA)

1D Timeframe:

50-Day MA: ~$103,800 – Currently acting as resistance.

200-Day MA: ~$95,000 – Long-term support remains intact.

4H Timeframe:

20 EMA: BTC is attempting to hold above it, suggesting short-term bullishness.

50 EMA: Flattening, indicating market indecision; a breakout above $106,000 could lead to increased momentum.

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🧱 3. Wyckoff Method – Phase D?

BTC appears to be in Phase D of Accumulation:

Spring/Shakeout: Occurred near $103,000.

Last Point of Support (LPS): Currently forming above $100,000.

Sign of Strength (SOS): A sustained move above $106,000 would confirm this phase.

Recent institutional inflows, including significant purchases by entities like Galaxy Digital, support this accumulation phase.

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✅ Strategic Summary

For Holders:

Maintain positions as long as BTC stays above $100,000.

Watch for a breakout above $106,000 to confirm bullish continuation.

For Buyers:

DCA Entry Zone: $100,000 – $102,500

Confirmation Entry: Above $106,000

Target: $109,700 (Fibonacci 0.618 level)

Stop-Loss: Below $98,000

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Bitcoin's current price action suggests a potential bullish breakout if key resistance levels are surpassed. However, traders should remain cautious and monitor for confirmation signals before making significant moves.
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