$BTC Here’s the current overview of Bitcoin (BTC):

🔍 Today’s BTC Snapshot (June 8, 2025)

As of now, Bitcoin is trading around $106,000 . It’s moved within a tight range ($105–106 k), showing signs of consolidation. Technical indicators hint at a pivotal point: a breakout above $106,900 could trigger a bullish rally toward $109,000+, while a drop below ~$104,800 may lead to a retreat toward $102,500 .

Momentum & On‑Chain Signals

• RSI hovers around neutral (mid‑50s), indicating neither overheated nor overly weak momentum .

• MACD shows signs of a bullish crossover, though short-term momentum has slowed .

• A recent short squeeze setup may liquidate approximately $15 billion in shorts if BTC gains ~10% ($115k) .

Market Context

The broader risk-on sentiment in equities—such as S&P 500 gains—has supported the uptrend . Institutional activity is also evident, with ETF inflows (~$150 million) and increased wallet accumulation .

📈 Summary (100 words):

Bitcoin currently trades near $106,000, range-bound but poised for a breakout. If it breaches $106,900, it may surge toward previous highs around $109,000; conversely, dipping below $104,800 could prompt a move to $102,500. Neutral RSI and a cautious MACD signal a potential breakout or pullback. A looming short-squeeze could liquidate $15 billion in bearish positions if BTC climbs ~10%. Coupled with growing risk appetite in equities and notable institutional ETF inflows, this sets the stage for either a momentum-driven rally or a correction. Traders should watch these levels and technical cues closely.

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