Crypto Opening 06/11: The Resilience of BTC

Bitcoin (BTC) is trading above $104,000, showing a notable recovery after briefly testing the psychological barrier of $100,000 in the last 48 hours. Recent volatility, driven by massive liquidations, seems to have found a strong support floor.

Technical Analysis: Today's rebound faces the critical resistance of $105,000. Breaking this level is key to negating the recent short-term bearish sentiment. Divergence in technical indicators suggests caution.

Ethereum (ETH) follows BTC, trading near $3,400 with positive momentum. Altcoins, in general, are bouncing back strongly, with a notable increase in trading volume over the last 24 hours.

Focus of the Day: The market is reacting to profit-taking by long-term traders and a broader technological correction, not a fundamental crypto factor. The key is consolidation above $103,000.

Alert! The market remains risk-on, but monitoring ETF flows is essential.