🟠 #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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