Bitcoin price is moving between Monday’s high and low while monthly open acts as short-term support.
Chart shows last week’s high and low offer more levels which may guide traders on breakout or rejection.
Traders are watching for a price sweep below or above Monday’s levels to trigger a possible reversal setup.
Bitcoin is trading above its monthly open, holding support while traders monitor key levels set by Monday's high and low price points. In a post shared by Tyler Durden on June 17, 2025, the chart shows Bitcoin ranging between two short-term boundaries—Monday's high and Monday's low. The monthly open continues to act as a support region, offering structure to the current consolidation zone. The next key move depends on whether price sweeps below Monday’s low or breaks through Monday’s high first.
Source: X Key Support From Monthly Open Holds the Current Range
The chart indicates that Bitcoin is respecting the monthly open as a base for short-term structure. The horizontal level, plotted near the current price, has supported several intraday tests since the start of the week.
This level acts as a midpoint within the broader range set by last week’s high and low. On the upside, the most recent Monday high remains unbroken, capping advances. On the downside, Monday’s low marks a short-term base that traders are watching for possible liquidity sweeps.
Durden's strategy notes a preference to see a sweep of Monday’s low before testing the high. This order of events may provide a more favorable condition for fading the first move and trading the reversal. Price action around these levels could offer insights into the market’s direction ahead of the weekly close.
Previous Weekly Highs and Lows Provide Confluence
Overlaying last week's range helps give more context to Bitcoin’s positioning. The chart includes both last week’s high and low, offering structural resistance and support areas beyond Monday’s short-term markers.
The high from the previous week lies above the current Monday high, while the low from last week sits below Monday’s low. These points add depth to the current price structure, with each level acting as a possible magnet during intraday volatility.
Traders often look for price to sweep these levels before establishing stronger directional momentum. A move above the previous high would likely indicate continuation, while a sweep below Monday’s low could trigger short-term capitulation before recovery. The reaction to these points often dictates short-term positioning.
The interaction between these key levels — monthly open, Monday's high and low, and last week’s range — builds a tight yet important zone. Until one of these levels breaks with confirmation, Bitcoin remains in consolidation.
Will Bitcoin Break the Range or Maintain Support?
The market now faces a pivotal question: Will Bitcoin break out of the range or hold the current structure longer? Price is currently ranging within a narrow band, and traders are waiting to see which side is tested first. The strategy outlined suggests fading the initial move, meaning that whichever level breaks first could trigger a reversal setup.
This method relies on liquidity patterns where price sweeps a key high or low, then sharply returns inside the range. Bitcoin's behavior near these levels often sets the tone for short-term direction, especially ahead of macro or weekly catalysts. Until a clear breakout occurs, the support from the monthly open and the tension between Monday’s levels remain key reference points for Bitcoin’s next move.
