$BTC

Here's the latest comprehensive update on Bitcoin (BTC):

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📌 Market Snapshot

Price is around $103,913, down about 2.0% intraday.

The intraday high reached $106,105, while the low touched $102,609 .

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🔑 What’s Moving BTC Today

1. Volatile Swings

Bitcoin dipped from over $106K to below $104K, triggering a wave of around $450M in liquidations, mostly long positions .

2. Sentiment Mix

Retail sentiment hit its lowest since April, with bearish buzz returning to early‑April levels . Still, this pessimism occasionally sets the stage for short-term rebounds.

3. Macro & Geopolitics

The recent cooling of military tensions with Iran helped Bitcoin reclaim $106K briefly, though ongoing Fed caution continues to weigh .

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📊 Technical Trends

**Open Interest & Liquidation Stress:**

Futures open interest has risen to $96B, reflecting high leverage—but the decline in liquidation clusters suggests a shakeout of latecomers .

Capitulation Signal:

On June 21, analysts noted bear capitulation, often a bullish indicator, hinting at a potential near-term reversal .

Resistance Ahead:

Major resistance lies between $105K–106K, with key support at $103K—a break above could lead toward $110K+ .

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🔭 Outlook

Short-Term:

Expect continued volatility with price action hovering between $103K–106K until macroeconomic clarity arrives.

Mid-Term:

Analysts see bullish potential — breaking past $108K could open the door to $130K–135K by Q3 if trends hold .

Market Risks:

Elevated leverage and macro/political headwinds might trigger deeper corrections if sentiment shifts .

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✍️ Summary

Bitcoin is facing a shakeout phase, marked by intense volatility and liquidation-driven moves. Yet technical signals such as bear capitulation, stabilizing open interest, and key support thresholds hint at a possible rebound. The next few days are pivotal: watch $103K for support and $105K–108K for potential breakout.