📅 Bitcoin (BTC) Midday Recap — June 6, 2025
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🟠 Current Price:
$104,525 — a slight 0.27% uptick from the previous session, as markets attempt to stabilize.
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📌 Intraday Context:
• Daily range: $100,781 – $104,737
• Key Zone: Support holds above $101,000; resistance remains intact around $105,000.
• Behavior Insight: BTC is testing both levels — rejection near the resistance suggests caution, while healthy bounce off support shows underlying buying interest.
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🧠 Market Drivers:
1. Profit-taking following a spike above $105K earlier in the day.
2. Macro uncertainty: ETF outflows (~$278M) and global political tensions still weigh on market sentiment.
3. Volatility tethered: Intraday oscillations highlight lingering risk aversion, but not panic.
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🔎 Watchlist:
• $105K Breakout: Clearing this could renew bullish momentum.
• Support Test at $101K: Holding here validates short- to mid-term bullish bias.
• Upcoming Triggers: U.S. macro releases and trends in funding rates/futures OI may shift sentiment.
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📉 Summary:
Bitcoin is navigating a narrow range — curled between support and resistance. The focus remains squarely on whether it can push past $105K or if it will retrace back toward $101K.