BTC Alert

💰 Bitcoin Market Update | June 14

Price at Press Time: $104,994.70 USDT (+0.35%)

After a sharp retreat from above $108K, $BTC is staging a modest recovery, trading just shy of the $105K mark. Price action on the 1-hour chart reveals a classic bear-flag formation, with movement tightening between $104,500 and $106,000, while volume continues to fade — a sign of an imminent breakout.

📊 Market Snapshot:

Current Price: $104,994.70

24H Range: $104,118 – $106,252

Volume: 13,510.79 BTC (~$1.42B USDT)

Momentum: Neutral to weak — bulls are defending the $104K zone but lack strong conviction.

🔍 Technical Outlook:

Price briefly attempted a reclaim above $106K but faced immediate selling pressure.

A break below $104K could trigger a retest of the $102,000 – $101,200 support zone.

Conversely, an hourly close above $106,500 may spark fresh bullish momentum, potentially flipping short-term trend structure.

📈 Trade Setup | Focus on the Next Move:

Bullish Scenario

Long Entry: Above $106,200

Targets: $108,000 (TP1), $110,000 (TP2)

Stop-Loss: $104,800

Bearish Scenario

Short Entry: Below $104,000

Targets: $102,000 (TP1), $100,000 (TP2)

Stop-Loss: $105,400

🧠 Quick Take:

Bitcoin is at a critical juncture — volume is thinning and volatility is compressing, signaling that a decisive move is just around the corner. Keep your eyes on the key levels: a breakout above $106K may revive bulls, while a drop below $104K could usher in another leg down.

⏳ Stay sharp. The next move could come fast — and with force.

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