Bitcoin returns to the lowest levels of scope – will liquidity seize a reflection?

Bitcoin is traded again with a decisive level of support after failing to keep momentum over the $ 106,000 sign. Bulls initially celebrated a short-lived crowd into resistance, which raised the hope of collapse-but the excitement was quickly overwhelmed by a quick recovery. It prepared the move to the demand zone of $ 103,000 to $ 104,000 fear and caution throughout the market, with investors uncomfortable in facing the dangers of macroeconomic and geopolitical economics.
The Middle East tension and the high global uncertainty in influencing feelings, and maintaining high fluctuations and market participants on the edge of the abyss. The current environment has become especially difficult to move, as conflicting signals and quick repercussions create an unstable commercial scene.
The current bitcoin structure appears at the bottom of its last range, with the construction of liquidity below. This can provide fuel for potential sweeping and a rapid reversal of the range, similar to the wrong penetration that was seen earlier in the upper side. However, if this support area fails, it becomes a deeper correction, especially given the heavy market tone.
Bitcoin holds a value of $ 100,000, but it faces the increasing opposite winds
Bitcoin continues to show the flexibility exceeding $ 100,000, a Persian and technical mark that has been held since early June. Despite this power, the market lacks the momentum to penetrate from its highest level ever and pushes the discovery of prices. Instead, Bitcoin remains trapped in a multi -week range, as total economic uncertainty and geopolitical tensions greatly burden investor morale.
The high revenues of the US Treasury, the ongoing inflation concerns, and the Federal Reserve decision to maintain fixed interest rates, all contributed to tightening financial conditions. Moreover, the increased instability in the Middle East adds another layer of volatility to a cautious market. These factors have created a difficult environment for risk origins, especially those like bitcoin that seeks a clear directional step.
During the past week, price movement returned to Bitcoin to the lower party of its trading scope. The area of 103,000 to $ 104,000 appears as a decisive support level. While the range has continued at the present time, the inability to restore the higher resistance levels near $ 109,000 increases the risk of negative additions.
Dan encryption analyst Note that BTC is currently sitting in the low range – a major level with large liquidity below. This area can be a starting point if it is sweeping and restored quickly, just as a similar step occurred near the range earlier. However, he has warned that if this reflection fails to achieve it, the market could be the creation of a deeper decline later in June.

Bitcoin’s ability to keep this structure $ 100,000+ axial. Without a decisive break above the ATH, and in the absence of fresh bullish stimuli, the possibility of extending unification – or even the negative side – raises a valid scenario during the end of the month.
Price procedure details: Technical levels to be held
Bitcoin continues to face strong resistance, as the price failed to stick to a level of $ 106,000 and now test the main support is about $ 103,000. The 4 -hour graph shows multiple rejection operations near the $ 109300, which is proven as a critical supply area. After SMAS, 50, 100 and 100 points earlier this week, BTC has collapsed less than all the main moving averages again, reflecting the increased declining pressure in the short term.

The last collapse of the $ 103,600 support zone – a level has been a strong axis since early June – is concerned. This region has now lost and re -tested it, indicating a decrease in the potential continuity if the bulls did not enter soon. The size also increased on the last decrease, indicating that sellers grow more aggressive.
Below are the current levels, $ 102,000 is still the next area of interest. The flow of liquidity under this level can provide an opportunity to reflect the reflection if it is absorbed quickly, but if the price fails to restore $ 103,600 soon, the declining momentum may increase. On the upper side, Bulls must first restore 100-SMA about $ 105,870 to restore control of the short-term direction structure.
Distinctive image from Dall-E, the tradingView graph

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