Technical Analysis of BTC/USDT Futures - 10 06 2025

[Bitcoin]

**Technical Analysis of BTC/USDT Futures - June 10, 2025** 

 **1. Market Overview** 
As of June 10, 2025, Bitcoin (BTC/USDT) futures are trading at **$109,806**, slightly below the spot price of **$109,843.84**, indicating mild bearish sentiment in the derivatives market. The asset has seen a **+4.06%** gain in the last 24 hours, with a daily high of **$110,530.17** and a low of **$105,318.37**, suggesting strong intraday volatility. 

 **2. Technical Analysis** 

 **Key Indicators** 
- **SMA (50): $106,630.94** - The price remains well above the 50-day SMA, confirming a bullish trend. 
- **EMA (50): $107,047.13** - The faster EMA reinforces bullish momentum. 
- **RSI (14): 73.75** - Overbought territory, signaling potential short-term pullback or consolidation. 
- **MACD: 1047.64** - The MACD line remains above the signal line, indicating continued bullish momentum. 

 **Additional Indicators** 
- **Fibonacci Retracement (from recent swing low at $105,318 to high at $110,530):** 
  - Key levels to watch: 
    - **23.6%: $109,200** (immediate support) 
    - **38.2%: $108,400** (stronger support) 
    - **50%: $107,900** (critical level for trend continuation) 
- **Bollinger Bands:** Price is hugging the upper band, suggesting overextension. A mean reversion toward the middle band ($108,500) is possible. 
- **ATR (14): $3,200** - High volatility persists, requiring wider stop-loss placements. 
- **VWAP: $108,900** - The price is above VWAP, reinforcing bullish intraday bias. 
- **Elliott Wave Analysis:** 
  - BTC appears to be in **Wave 3** of an impulsive uptrend, with a potential target near **$115,000** before a corrective Wave 4 pullback. 

 **3. Trading Strategy** 
Given the overbought RSI and proximity to resistance, a **short-term pullback** is likely before further upside. 

 **Recommendation:** 
- **Position:** **Buy on dip** (if key support holds) 
- **Entry Zone:** **$108,400 - $109,200** (Fibonacci & VWAP confluence) 
- **Stop Loss:** **$107,000** (below 50% Fib and EMA 50) 
- **Take Profit Targets:** 
  - **TP1: $110,500** (recent high) 
  - **TP2: $112,000** (psychological resistance) 
  - **TP3: $115,000** (Elliott Wave target) 
- **Position Size:** **1-2% of capital per trade** 
- **Risk/Reward Ratio:** **1:3 (approx.)** 

*Alternative Scenario:* If BTC breaks **$107,000**, a deeper correction toward **$105,300** (daily low) may occur, invalidating the bullish setup. 

 **4. Fundamental Analysis** 
Despite no major news events today, institutional inflows into Bitcoin ETFs and continued adoption by corporations as a treasury reserve asset support long-term bullish sentiment. Analysts project a potential rally toward **$120,000** by Q3 2025 if macroeconomic conditions remain favorable. 

 **Conclusion** 
BTC remains in a strong uptrend, but short-term overbought conditions suggest caution. Traders should look for pullbacks to key support levels before entering long positions. 

**Disclaimer:** This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research before making investment decisions.