🟠 #BTC Update #4 – July 7, 2025
Bitcoin has been trading inside a supply zone, and its last impulsive move happened right into that area. While it tried to push higher again, I now see signs of rejection.
If this rejection holds, the first level I’m watching is $107,850. Below that, there's a key support around $106,350. Should this level break, we could see a deeper drop toward $102,650, where an imbalance zone remains untested.
At the moment, short setups look more reasonable than longs but from a risk/reward perspective, I don’t see enough edge to take action yet. So for now, I’m not entering any position and will simply watch BTC’s next move.
Bitcoin has been trading inside a supply zone, and its last impulsive move happened right into that area. While it tried to push higher again, I now see signs of rejection.
If this rejection holds, the first level I’m watching is $107,850. Below that, there's a key support around $106,350. Should this level break, we could see a deeper drop toward $102,650, where an imbalance zone remains untested.
At the moment, short setups look more reasonable than longs but from a risk/reward perspective, I don’t see enough edge to take action yet. So for now, I’m not entering any position and will simply watch BTC’s next move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.