#BTC Analysis of the Bitcoin Market on June 2

Current Situation of Bitcoin

According to the latest data, Bitcoin is showing a downward trend in today's trading, June 2. The candlestick chart (K-line) data shows that BTC is trading at approximately **104,310.48 USDT** in the most recent period, down from the beginning of the day.

Price Movement Details

Analyzing the data from the last few hours:

- **12 PM Period**: Opened at 104,827.88 USDT, closed at 105,389.73 USDT

- **4 PM Period**: Dropped to 104,038.11 USDT

- **8 PM Period**: Partial recovery to 104,310.48 USDT

Bitcoin reached a high of 105,936.62 USDT during the day, but also tested lower levels, dropping to 103,660.20 USDT.

Possible Reasons for Volatility

The news that "the upward price trend is in danger" seems to be confirming with these movements. We are observing:

1. **Significant trading volume**: Over 13.7 million USDT were traded just in the 8 PM period

2. **Selling pressure**: Bitcoin failed to maintain levels above 105,000 USDT seen earlier in the day

Broader Market Context

Meanwhile, other cryptocurrencies are also showing mixed movements:

- **ETH**: Recovery to 2,538.35 USDT after previous drop

- **BNB**: Slight recovery to 656.72 USDT

- **SOL**: Drop to 152.91 USDT

What to Watch

This movement of Bitcoin occurs at an interesting time, with analysts mentioning potential targets of 120,000 USDT for BTC after the current correction, as indicated in the news. However, the current situation suggests that the market is still undecided about the short-term direction.