Bitcoin Weekly Outlook – June 2, 2025

Bitcoin (BTCUSDT) is holding strong above the psychological $100K mark, maintaining its bullish market structure on the weekly timeframe. However, technical indicators are flashing early signs of a possible short-term correction before another leg up.

🔍 Technical Analysis:
Current price: $105.1K

Key support zone: $89K (strong demand area + weekly structure retest)

Resistance to watch: $120K (major weekly supply zone + psychological level)

Stochastic RSI is currently overbought at 94+, which historically tends to trigger a healthy retracement before further upside continuation.

📊 Market Structure:
BTC remains well above the 200-week EMA, keeping bullish momentum intact

Higher Highs and Higher Lows are still in play

Volume is steady, showing no major distribution at the moment

📈 Sentiment Check:
Fear & Greed Index: 64 (Greed)
→ Suggests bullish sentiment is high
→ Greed often precedes short-term pullbacks or consolidation

🧭 Outlook:
A short-term correction toward the $89K–$92K zone is likely, as part of a healthy market cycle.
If support holds, BTC could rally back up with a mid-term target around $120K.

✅ Summary:
🔵 Bullish structure still intact

⚠️ Overbought signal = possible retracement

🎯 Mid-term target: $120K

🧘‍♂️ Don’t chase — wait for price to breathe, not break

Let the market come to you. Trade smart, not just hopeful.