Weekly Trading Analysis: A Detailed Breakdown of Market MomentumBTC 23rd – 29th June 2025
This week, Bitcoin's price action was driven heavily by macroeconomic news, risk sentiment, and structural retests on both the hourly and daily timeframes. From a major geopolitical announcement early in the week to continued range-bound behaviour, BTC has shown signs of shifting back into bullish momentum.
Hourly Analysis
Monday kicked off with a strong bullish move on the hourly timeframe as BTC broke above the 50 EMA and reclaimed the key psychological level at 102k. Momentum continued into Monday evening post–New York hours, pushing price above the 200 EMA, flipping short-term structure bullish.
This rally was likely fuelled by news of a ceasefire deal negotiated by the US in the Middle East, easing global uncertainty and pushing investors back towards riskier asset classes like crypto.
Price continued this upward trajectory into Wednesday before momentum cooled off. BTC then formed a clean range between 108k (resistance) and 106k (support). The remainder of the week saw price consolidating within this range.
On Sunday, BTC attempted two breakouts above the 108k resistance zone but failed to sustain the move, falling back into the established range as buyers lost momentum.
Daily Analysis
The daily chart confirms the bullish shift with a break of structure following Monday’s macro-driven move. Price retested its previous higher low around 106.5k, establishing it as a strong support zone that aligns with hourly levels.
Key levels to note:
Support: 106k – 106.5k zone (strong confluence with hourly and daily structure)
Resistance: 108k (major multi-week resistance)
Potential liquidity sweep: The wick at 109k could attract price, potentially driving BTC momentum towards 110k if swept.
Given the bullish structural break, retests of support holding firm, and macro environment improving post-ceasefire news, long positions remain favourable this week as long as BTC holds above its recent higher low.
Summary
This week showcased BTC’s ability to reclaim key levels after geopolitical tensions eased. A clear break of structure on the daily, strong support holding at 106k, and a range forming below resistance all point to a bullish bias. However, traders should remain aware of liquidity sweeps at 109k, which could catalyse a rapid move to 110k.
