**Technical Analysis of BTC/USDT Futures - 27 June 2025**
**1. Market Overview**
As of **27 June 2025**, Bitcoin (BTC) is trading at:
- **Spot Price:** $107,122.81
- **Futures Price:** $107,059.00
- **24h Change:** -0.68%
- **Daily High:** $108,272.45
- **Daily Low:** $106,438.33
The market is showing slight bearish momentum, with BTC struggling to hold above the $107,000 level. The futures price is trading slightly below spot, indicating mild bearish sentiment among traders.
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**2. Technical Analysis**
**Key Indicators**
- **SMA (50):** $107,219.29 (resistance)
- **EMA (50):** $106,879.45 (support)
- **RSI (14):** 50.01 (neutral)
- **MACD:** -54.88 (bearish momentum)
**Additional Indicators**
- **Fibonacci Retracement (from recent swing high $108,272 to low $106,438):**
- **38.2%:** $107,150 (key resistance)
- **50%:** $107,355 (strong resistance)
- **61.8%:** $107,560 (breakout zone)
- **Bollinger Bands (20,2):**
- **Upper Band:** $108,125 (resistance)
- **Lower Band:** $105,980 (support)
- Price is near the middle band, suggesting consolidation.
- **ATR (14):** $1,200 (moderate volatility)
- **VWAP:** $106,950 (support level)
- **Elliott Wave Analysis:**
- BTC appears to be in a corrective **Wave 4** after a strong uptrend.
- A break below $106,000 could signal a deeper correction toward $104,500.
- A reclaim of $108,300 could indicate the start of **Wave 5** upward.
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**3. Trading Strategy**
**Short-Term Outlook (1-3 Days)**
- **Bias:** Neutral to slightly bearish
- **Key Levels:**
- **Support:** $106,400 (EMA 50), $105,980 (Bollinger lower band)
- **Resistance:** $107,150 (Fibonacci 38.2%), $108,125 (Bollinger upper band)
**Trade Recommendations**
1. **Short Position (Bearish Scenario)**
- **Entry:** $107,100 (below SMA 50)
- **Stop Loss:** $107,800 (above Fibonacci 38.2%)
- **Take Profit:** $106,000 (support zone)
- **Risk/Reward Ratio:** 1:1.5
2. **Long Position (Bullish Breakout)**
- **Entry:** $108,300 (above resistance)
- **Stop Loss:** $107,500 (below VWAP)
- **Take Profit:** $110,000 (psychological level)
- **Risk/Reward Ratio:** 1:2
**Position Sizing**
- **Risk per trade:** 1-2% of capital
- **Leverage:** 3x-5x (moderate risk)
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**4. Fundamental Analysis**
- **Market Sentiment:** Institutional interest remains strong, but short-term profit-taking is causing minor pullbacks.
- **Key News Impact:**
- **N/A** (Impact: N/A)
- **N/A** (Impact: N/A)
- **N/A** (Impact: N/A)
- **Price Forecast:** Analysts remain bullish long-term, with targets above $120,000 by Q3 2025.
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**Conclusion**
BTC is in a consolidation phase with a slight bearish bias. Traders should watch **$106,400** as critical support and **$108,300** as a breakout level. A decisive move in either direction will dictate the next trend.
**Disclaimer:** *This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research before making investment decisions.*