Against the backdrop of escalating geopolitical tensions and declining investor confidence, Bitcoin has faced a double blow — there is an increase in sellers in both the spot and futures markets.
📉 Futures signal: the market has turned bearish
According to recent data from Coinglass, the ratio of long to short positions in Bitcoin has shifted towards shorts. Since June 17, the Long/Short Ratio indicator has dropped to 0.95, indicating a predominance of bearish expectations. More and more traders are betting against BTC, anticipating further declines.
🟠 BBTrend is raising alarm.
The BBTrend indicator, which tracks the strength of bullish and bearish trends, continues to show negative values, and green candles are decreasing day by day. This is a clear signal that buyers are losing initiative, and bears are taking over the market.
🔮 BTC Forecast: critical zone — $102,000
Over the past 24 hours, BTC has lost 2% of its value, dropping to a 15-day low of $102,345. The price is currently balancing around $103,300, but the situation remains tense:
🔻 If demand does not revive, the next targets for a decline may be:
• $101,520 — nearest support
• $97,658 — risk zone in case of a downward breakout
🛡️ However, with increased buying pressure, Bitcoin could bounce back and attempt to break the resistance at $103,952, and then test the zone at $106,295.
💡 Conclusion: Bearish pressure is clearly increasing, but it is precisely in such moments that the market can surprise — everything will be decided by the volume and the reaction of investors in the next 24-48 hours.