Investment Gems

BTC Market Snapshot – Candles Say: No One’s Driving

Lately, BTC’s candles are telling a pretty clear story: no strong conviction either way. We’re seeing small bodies with long upper and lower wicks — spinning tops and near-dojis — which usually means indecision. And it’s happening just below a known resistance zone near EUR92,000, adding to the hesitation.

Take a step back, and the bigger picture still leans bearish. Mid-June gave us a classic bearish engulfing candle right after a short-lived rally — a sign sellers jumped in quickly. Since then, there’s been no real follow-up from the bulls. No hammer, no morning star, nothing that signals serious buying interest. The bounce we saw? Weak. Now price is stalling again.

Bottom line: Price paused, and no one seems willing to take control.

Momentum Feels Off – Trend Losing Juice

The uptrend that carried BTC from April into early June is starting to look worn out. Momentum signals back that up:

MACD still showing a bearish crossover. The histogram’s flattening, not building steam in either direction. RSI is sitting around 46.6 — below the neutral 50 line — and drifting sideways. So far, there’s no panic and no real excitement. It’s that slow, quiet bleed where the market drifts without urgency — classic signs of distribution.

Takeaway: Trend looks tired. This isn’t a strong trending environment — more like sideways chop.

Range-Bound – BTC Stuck in a Trading Box

Since early May, BTC’s been bouncing inside a defined range — roughly EUR88,000 to EUR96,000. Price recently touched the top of the box, got rejected, and now it’s meandering around the lower-middle area. There’s no real volume on either side, which usually means no serious breakout attempts are underway.

Resistance: EUR96,000

Support: EUR88,000

Until something breaks with real conviction and volume, this is just noise inside a box.

Takeaway: We’re still stuck in a range. No breakout, no trend — just ping-ponging.

Key Fibonacci Levels – What to Watch If BTC Moves

Using the swing low around EUR60K and the high near EUR96K, here are the levels to know:

If price breaks lower (retracements):

23.6% → EUR87,504

38.2% → EUR81,344

50.0% → EUR78,000

61.8% → EUR74,656

78.6% → EUR69,984

If it breaks higher (extensions):

100% → EUR96,000

127.2% → EUR106,416

161.8% → EUR118,248

200% → EUR132,000

Current price is floating around EUR91,400 — above shallow retracement levels but well below resistance. In other words, we’re just hanging out in the middle. Not great for direction.

Takeaway: Until EUR96K breaks with real momentum, upside targets stay theoretical.

Trade Setup – Potential Trap Brewing

This setup has all the makings of a range trap. BTC is stuck in a box, bulls are trying to defend the lower third, but there’s no momentum. Bears aren’t attacking either — it’s more of a passive drift down than any strong selling. That’s often when traps form.

Key levels to watch:

Resistance: EUR96K → Needs a solid break with volume.

Support: EUR88K → Below that, EUR81K could come quickly.

Trade trigger: Look for a volume spike paired with MACD or RSI confirmation. Without that, it’s probably just more sideways noise.

TL;DR – Trade Bias and Setup

Bias: Neutral to slightly bearish

Strategy: Sit on your hands for now. Don’t chase price in the middle of the range.

Watch for: Fakes or fades near key levels — EUR96K on the upside or EUR88K on the downside.

Need: A clean breakout, backed by volume and momentum — otherwise, it’s just more chop.

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