Here's your H4‑timeframe technical analysis for Bitcoin as of June 29, 2025:


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🔍 Key Technical Levels (4‑Hour Chart)

Support Zones

**$105 000–$106 000**: Strong support from EMA cluster (20/50/100/20 and trendline confluence .

**$102 900**, then $100 800: Deeper support levels if EMA cluster fails .


Resistance Zones

**$108 800–$110 400**: Major supply zone with triple‑top rejection on multiple tests .

**$110 400+**: Break above here could signal bullish breakout .



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📈 Technical Indicators & Patterns

EMA Cluster

BTC is hovering just above a tight cluster of EMAs as of June 29—signaling short‑term support but choppy action until price decisively clears these levels .


Triple‑Top / Rejections

Repeated failed attacks near $108.8K–$110.4K have formed a bearish triple‑top, hinting at corrective risk .


Falling Correction / Flag

Some analysts see this as a falling flag/channel—a bullish continuation pattern—suggesting a possible leg higher once completed .


Volume

Volume dips on rejections in the resistance zone; support area shows steadier volume, hinting accumulation .



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🧭 Trend Outlook & Strategy

⬆ Bullish Scenario

A break above $110.4K with solid volume invalidates bearish structures.

Opens potential target zone between $112K–$115K, with further stretch toward June all‑time highs (~$111K) .


⬇ Bearish/Neutral Scenario

Price remains under EMA cluster and fails breakout → a drop toward $102.9K, then $100.8K.

Key support at $105K: holding above suggests range‑bound to bullish; breaking below risks deeper retracement .



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📅 H4 Summary Table

Condition Outlook Key Level to Watch

Above $110.4K breakout Bullish continuation Resistance turned support
Sideways around $106K Neutral/consolidation EMA cluster zone
Break below $105K–102.9K Bearish pullback Support zones



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✅ Trading Guide

Aggressive long entry: On breakout above $110.4K (volume‑confirmed).

Defensive long/scale‑in: Around $105K if price holds EMA cluster and shows reversal candles.

Short entry: Possible near $108.8–$110.4K if bearish reversal patterns (e.g., triple‑top) form.

Stop-loss: Place below nearest valid support zone (e.g., below $105K for longs, or above breakout level for shorts).



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⚠️ Macro & Event Watch

USD strength: Any surprise rally in USD (e.g., due to U.S. macro prints) might pressure BTC short term .

On‑chain & sentiment: While current sentiment tilts bullish (Fear & Greed ~65; bullish EMA structure) , technical resistance remains the bigger event driver now.



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🧠 Bottom Line

Bitcoin on the H4 chart is at a crossroads — trading within a tight EMA cluster after multiple rejections in a strong supply zone. Break above $110.4K = bullish momentum; failure near resistance and drop below $105K = bearish pullback likely. Watch that EMA cluster and resistance zone closely.