Todays #Bitcoin# Analysis is similar to yesterday. Basically of price touches 110k today, take shorts.. If it goes near 106k, take longs!

Here's the details technicals
---
🧠 1-Day #BTC# Trade Analysis (June 11, 2025)
1. Key Indicators
RSI (14‑hr): ~75 — Overbought, suggestive of a short-term pullback
MACD (1‑day): Bearish signal-line crossover; histogram weakening — momentum waning
Bollinger Bands (Daily): Bands tightening near upper band (~$110K), low volatility pre-breakout
Volume: Declined vs. prior highs — buying interest fading
---
2. Price Structure & Candlestick Insights
Clear rejection candles at ~$112K resistance — lower highs forming
Support layers identified at $105K key zone and $103K 0.236 Fib level
---
3. High-Probability Setup – Short Bias
Item Level / Range
Entry $110,000–110,300 (rejection)
Stop‑Loss $112,200 (above swing high)
Target 1 $105,000
Target 2 $103,000
R/R Ratio T1 ≈ 2.25 : 1 • T2 ≈ 3.25 : 1
Trigger: Bearish MACD crossover + overbought RSI + candlestick rejection near resistance.
---
4. Alternative – Long Bounce
Item Level / Range
Entry $105,200–105,500 (support test)
Stop‑Loss $104,800
Target 1 $108,000
Target 2 $110,300
R/R Ratio T1 ≈ 2.0 • T2 ≈ 3.0
Trigger: Hammer or bull candle bounces off $105K, RSI cooling from overbought.
---
5. Market Sentiment & Macro Drivers
Investor sentiment: Tentative — BTC nearing all-time highs (~$112K), but lacking catalyst for fresh breakout
Macro factors:
U.S. inflation data release imminent — elevated volatility expected
Ongoing U.S.–China trade tensions provide occasional risk-off moments
Institutional flows: Continued accumulation, ETF activity stable
---
6. Trade Plan Overview
Primary bias: Short — with defined levels and superior R/R
Tactical note: Use tight sizing—BTC still capable of 2–4% intraday swings
Execution guidance: Consider scaling out at T1, trail stop on remainder
Volatility watchpoint: U.S. inflation print may override technicals
---
✅ Summary Table
Trade Entry SL T1 T2 R/R
Short 110,000–110,300 112,200 105,000 103,000 2.3–3.3:1
Long 105,200–105,500 104,800 108,000 110,300 2.0–3.0:1
---
XT/Alert:
Monitor volume confirmation on entry candlestick
Watch U.S. CPI report timing — intraday risk spike
Be ready to pivot if abrupt macro shift occurs
---
Bottom Line:
The short setup near $110K is preferred given confluence of RSI/MACD/Bollinger rejection. A bounce from $105K offers a lower-risk counter-trade if validated by candlestick action and cooling momentum.