Will Bitcoin Keep Its Cool or Cry Crying Wavelength? 🤔💸

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June 4, 2025 – Oh, how the mighty Bitcoin lounges at $105,289, as if lounging on a velvet chaise—market cap peaking at a staggering $2.09 trillion. The 24-hour dance? A modest $24.92 billion, with prices tiptoeing between $105,293 and $106,854—like a timid suitor at a ball, unsure whether to dance or retreat. Truly, a spectacle of cautious optimism and, dare I say, cautious suspicion. 🎭🤑

Bitcoin

On the one-hour ledger, our dear Bitcoin, with all the grace of a cat on a hot tin roof, shows signs of a gentle downturn—lower highs lurking like shadows at twilight. The latest rejection at $106,854 confirms the resistance, as if the market whispers, “No more, please.” A feeble attempt to bounce at $104,947 was made, but alas, it could not find the courage to leap over the mighty $106,000. As the red candles flicker and volume on the sell side swells—like a drunken crowd at a tavern—the bearish mood deepens. Traders, beware! A cautious long from $104,500 to $104,900 might be your only solace if the tide of volume weakens further. 🎢📉

BTC/USD 1-hour chart via Bitstamp on June 4, 2025. (Watch out for the dips, folks! 🕳️)

The four-hour chart of BTC/USD presents us with a game of patience—like watching paint dry on a rainy day. After recovering from a low of $103,100, the price seems caught in a limbo, long wicks dancing indecisively—a true drama of hesitation. Support at $103,100 and resistance at around $106,800 are the stars of this tragic comedy. A few bullish impulses spark hope, only to be stalled—nature’s cruel joke. Scalpers and swing traders might consider the zone of $103,000–$103,500, but beware the towering resistance at $106,800—like a wall of distraction at a party. 🎭💥

BTC/USD 4-hour chart via Bitstamp on June 4, 2025. (Will it break free or stay trapped? Stay tuned! 🕰️)

The daily chart offers more intrigue—like a soap opera that refuses to end. Despite retreating from the high of $112,000, Bitcoin remains in a mid-term uptrend, as if it still believes in fairy tales. Support near $104,000 stands firm, a good friend holding the fort, while resistance between $110,000 and $112,000 looms like a stubborn gatekeeper. The recent volume spike suggests profit-taking or simple boredom—everyone wants in or out, but no one knows which. For the daring, $104,000–$105,000 is a tempting re-entry zone—if only the market would decide to get on with it! 📈🤷‍♂️

BTC/USD 1-day chart via Bitstamp on June 4, 2025. (Plot twist: Will it or won’t it? 🧐)

And now, the odious oscillators—those fickle creatures! The RSI at 52 suggests our beloved Bitcoin is balanced like a tightrope walker—about to trip either way. The Stochastic at 27 and CCI at -42, both whisper of indecision—like trying to choose a dessert at a buffet. The ADX at 20 screams, “No trend here, move along,” while the momentum indicator plunges at -3,957 and MACD rests at 1,404—both hinting at a short-term negative bias. It’s as if the market is playing hard to get. 🎭🕵️‍♂️

Moving averages, those eternal debates! The short-term EMA and SMA herald a sell regime, but the long-term 50, 100, and 200 periods remain stubbornly bullish—like a stubborn old man refusing to age. This divergence is a testament: beware the short-term siren song, yet keep faith in the longer-term voyage. Traders, like sailors, must wait for the wind—or a decisive break. ⚓️🌪️

Bull Verdict:

Although the short horizon shows weakness, Bitcoin clings to the $104,000 support, and the long-term averages remain bullish—a beacon amid stormy seas. If the price reclaims $106,800 with volume, a triumphant return to $110,000–$112,000 seems inevitable, carrying the grander uptrend onward. 🚀🌟

Bear Verdict:

The fading momentum, the MACD weakness, and the failed assault on $106,000 spell trouble. If Bitcoin slips below $103,000, a storm of correction may ensue—short-term bearishness reigns, and the mid-term rise could be naught but a mirage. Brace yourself, for the market is a fickle creature! 🕰️💥

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2025-06-04 16:31