Bitcoin remains stuck in the range where Bulls Eye Pivot, Sky, Hype, SPX Buck Market Market
Bitcoin remained stuck on a ban between $ 100,984 to 106,723 dollars this week, as the Habbiyah forces continued to suppress the appetite of risk.
The 5 % decrease in the total market value decreased, the encrypted value decreased to $ 3.38 trillion in the late Asian trading hours on Friday.
The weakest feelings side by side, with the fear and greed index declining to 45 for the first time since April.
Altcoins has published a slow performance, as most of the main symbols of the week end in red, while a few have modest gains.
Why do bitcoin decrease?
Bitcoin began the week on the shaky land, which is weighed by the global aversion to the risks raised by the parliamentary talks between the United States and China and the renewal of Russia’s tensions of Ukraine.
Analysts have warned that the markets have started pricing the hopes of a decision amid a lack of progress in peace negotiations.
Feelings worsened with reports that although President Donald Trump had participated in the Backchannel talks, no official data followed.
By mid -week, the profit achievement is added to the pressure. Glassnode data showed the achieved profits that were modified with the entity of more than $ 500 million per hour, which is the most aggressive sales since early February.
This came at a time when Federal Reserve Chairman Jerome Powell made a cautious line on interest rates, saying that more data is needed before considering discounts.
Tensions escalated on June 5 after a general dispute between Trump and Eileon Musk, who was previously political allies.
Musk criticized Trump’s “beautiful draft law” and supports calls for accountability.
Trump has been threatened with the end of the contracts of the Musak government, which led to a sharp decrease in market morale.
Bitcoin decreased by 5.2 % to $ 100,400 on Bitstamp, causing panic and wave of qualifiers, totaling 979.9 million dollars.
Long places have formed $ 874 million, and they are larger for one day since February 25.
By June 6, strong US labor market data expected from Bitcoin helped to recover $ 104,000.
However, the uncertainty remained, as Trump once again urged the percentage of percentage rates completely, and Powell called “very late” and compared the Federal Reserve inadequate unaccounted for European central banks that have already reduced rates.
Will Bitcoin be disrupted?
Most analysts have been cautious, as many risks indicate the negative side of the weak market structure and changing liquidity areas.
According to Cryptoquant’s Axel Adler Junior, the following main support level is near the short -term holder (STH) by about $ 9,7500, a region that may operate as pillow in case of current levels fail.
This corresponds to broader standards on the chain, indicating a high probability of an increase in the negative side, especially since long -term holders are still relatively inactive.
Meanwhile, the famous trader Thekingfisher noticed the concentration of long liquidation levels between $ 99,000 and $ 102,000, describing the region as a “huge magnetic area” that can attract price movement.
On the other hand, the short liquidation areas exceeding $ 104,500 were small, which led to a “strong imbalance” that increases the risk of a series of descending liquidity.
he to caution Although retail traders may explain the range as support, it can be a classic filtering trap, a preparation that is drawn for a long time before a sharp collapse.
The merchant Roman chanted this feeling, noting that the Bitcoin framework plans are “dirty everywhere”, indicating that the collapse is already underway.
the $ BTC The collapse began! It looks at 95K and perhaps less. It depends on what happens when we merge. Again HTF has signs of homosexuality everywhere!
Meanwhile, his trading colleague Friedrich believes that Bitcoin can reconsider the $ 105,000 region before the correction is about $ 87,000, unless she managed to restore support between 105,800 dollars and $ 106,000.
He pointed out that the recovery, which exceeds $ 106,000, will be a key to reviving the hopes of moving towards its highest levels ever.
Even among those who suffer from the bullish view, there is increasing recognition that Bitcoin may face more pressure on the short term before any meaningful recovery.
Technical analyst Kevin Svinson put the weakness in the daily relative power index in Bitcoin, describing it as a decisive structure to see it.
While the index continues to decline, it was suggested that a reflection signal appear during the next week if the momentum settled.
#Bitcoin | The daily RSI structure is an important indicator of follow -up. Currently, the daily RSI still indicates the bottom, but we may be a week after the possible reflection signal.
#BTC $ BTC 
partner.blofin.com/d/welcome
The interest rate decision in the Federal Reserve can raise Rally
Others, like the CMC Carlo Prosmeno market analyst, believe that the next interest rate decision may play a pivotal role in determining the main step next to Bitcoin.
While the markets are widely expected that the Federal Reserve will maintain steady rates at its meeting on June 18, where the Fedwatch tool for the CME showed a possibility of no change of 97.5 %, Pruscino believes that sudden timing transformation may be separated from investors.
If the Federal Reserve reduces the rates of “much closer to what was expected”, it may serve as a great incentive in the upper trend of encryption, as Bitcoin is likely to target the psychological level of $ 112,000.
However, “there should be a continuation of the improved morale of risk” and more clear signals on the commercial policy before the gathering can resume the assembly.
Broskino also pointed to the constant uncertainty resulting from President Trump’s introductory threats, which he said could make the decision -making process. While the central bank has “adequate data” to consider discounts, the transfer of trade dynamics can maintain policy makers in waiting and watching.
At the time of writing this report, Bitcoin was hovering near $ 105,000, a decrease of 0.4 % per week after abandoning most of its early gains.
Altcoin Market Tanks
Over the past week, the Altcoin market ceiling initially increased by 9 % to $ 1.34 trillion on June 4, but later witnessed a sharp correction to $ 1.2 trillion, which led to a weekly loss of about 2.4 % of the time of writing this report.
The Altcoin 25 season index is a strong indicator that Bitcoin is still the dominant factor that affects the broader currency market morale.
ETHEREUM (ETH), the largest altcoin, has decreased by maximum market, by 3.5 % over the past seven days, at $ 2500 at the time of the press with the maximum market for more than $ 300 billion, while other large unions like BNB (BNB), Solana (Sol), Dogoin (DOGE) (DOGE) (DOGE) (ADA) (ADA) experience The losses are between 3-10 %.
Sky (Sky) led the highest gains this week, an increase of 11.6 %, which raised the market ceiling to more than $ 1.57 billion, while Hyperlequid (HYPE) and SPX6900 (SPX) follow gains slightly over 10 % each.
source: Coinmarketcap
Sky gathered after launching USDs bonuses for sky owners, prompting many investors to switch their MKR features for Sky to earn 50 % of the surplus of USDs revenue on the platform.
The noise was imprisoned in some profits after securing a list, while SPX gathered on the noise that society drives about its satirical attempt for the “heart” of the traditional stock market and attracted more investors.
If the current momentum persists, traders are also increasing optimistic about a possible list of levels 1 such as Binance or Coinbase for SPX.
Post -Bitcoin remains stuck in the range where a shrinkage appeared in the Bulls Eye Fed, Sky, Hype and Spx Buck first on Invezz
