Bitcoin Price Action Outlook – June 9, 2025Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PMarj4n_🧠 Market Context Bitcoin is currently breaking down from a rising wedge structure. Multiple Fair Value Gaps (FVGs) remain unmitigated, suggesting potential liquidity targets before any major move continues. 📌 Key Zones (FVGs Identified): 🔼 Upper FVG (Target zone): 106.3K – 106.6K 🔽 Mid FVGs (Retracement Zones): 105.1K 104.7K 🟣 Lower FVG Clusters (Strong Demand): 103.2K 102.7K 101.9K 🧩 Possible Scenarios 📈 Bullish Case (Support Reclaim & Bounce) Price dips into mid FVGs (105.1K or 104.7K) and shows a bullish reaction. If price reclaims the wedge structure → move toward 106.3K+ becomes likely. 📉 Bearish Case (Continuation Down) Price breaks down further, targeting deeper FVGs at 103.2K or lower. Watch for sharp reversals from demand zones (especially below 103K) for potential long setups. 📊 Strategy Ideas 🚀 Long Setup: Wait for bullish confirmation at 104.7K or 103.2K FVG → enter on price reversal. 🧨 Short Setup: Watch for rejection near 105.5K (top of wedge and 50% level of recent FVG) → downside potential to 103K. ⏰ Note This is an intraday price action analysis. Use proper risk management and confirm setups with HTF confluence (1H / 4H).