🔥 $BTC at a Crossroads: Navigating Recent Swings & Key Levels! 🧐

The market has seen some turbulence recently, with significant liquidations across the board on June 6-7, reminding us of the volatility in leveraged trading. $BTC itself experienced a dip but has shown signs of recovery, trading around the 105,000 USDT mark after briefly falling below 101,000 USDT. Overall market sentiment seems cautious, with capital inflows reportedly slowing and some institutional enthusiasm cooling. All eyes are on upcoming economic data, such as US inflation figures expected around June 11th, which could significantly impact market direction.

Here’s a look at potential scenarios:

📈 Potential Long: If we see a sustained break and hold above the 108,000 USDT resistance, this could signal renewed bullish momentum. Favorable economic news could fuel this. Consider low leverage. Targets: 110,000 - 112,000 USDT.

📉 Short Setup: If support around 103,000 USDT gives way, especially if broader market sentiment turns more fearful or institutional outflows are noted, a move towards 100,000 USDT or lower is possible. Again, low leverage is advised given the choppy conditions.

Stay vigilant, traders! The next few days could be pivotal.

NFA/DYOR.

#BTC #CryptoNews #MarketVolatility