🟠 #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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.