Bitcoin traded around $103,188 on June 6th, showing resilience near $103,000 support despite broader market declines. Key bearish factors included a public feud between Trump and Musk, sparking volatility and liquidations, and profit-taking by long-term holders. A confirmed head-and-shoulders pattern suggests potential downside to $95,500-$97,000 if $100,000 psychological support breaks.
Bullish drivers include institutional accumulation during dips and potential Federal Reserve rate cuts if the upcoming U.S. jobs report is weak. Breaking above $107,000 resistance could reignite momentum toward $115K-$125K. Immediate direction hinges on the job data and Bitcoin's hold of $100K.
