Bitcoin today, Bullish, Bearish, or both ?

June 2, 2025,

Bitcoin $BTC is trading at approximately $104,187.  The market exhibits mixed signals, with potential for both bullish and bearish movements.

📉 Bearish Scenario: Short Below $104,500

Entry: If $BTC fails to hold above $104,500, consider short positions.

Targets: $103,500, $102,500, and $100,000.

Rationale: Analysts suggest that if the price remains below $107,000, it could test lower levels, especially amid geopolitical tensions. 

📈 Bullish Scenario: Long Above $105,700

Entry: A breakout above $105,700 may signal bullish momentum.

Targets: $106,300 to $106,900.

Rationale: Technical analysis indicates that surpassing this resistance could lead to further gains. 

🔄 Range-Bound Strategy: Between $104,000 and $106,000

Approach: In the absence of a clear trend, consider range trading between these levels.

Rationale: BTC has shown stability around $104,000, suggesting a potential consolidation phase. 

⚠️ Risk Management Tips

Stop-Loss: Set stop-loss orders to manage potential losses.

Position Sizing: Avoid risking more than 2% of your capital on a single trade.