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Bitcoin
#option
traders bet price could surpass
#alltimehigh
by end of June, analyst says
Source : The Block
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Fake pump & Dump ⛽
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🔄 Market Update BTC/USD 4H Outlook Support Holding: Bitcoin has reclaimed the Weekly Open at $117.2 and is currently holding above it. This level could act as a weekend range support given the typically low volatility during this time. Downside Watch: If price breaks below $117.2, the next demand zone sits around $115.7 (Previous Week Low) — still untested. Upside Levels: Resistance remains near Monday High, just below which we have a supply zone. Price action here should be monitored closely on lower timeframes for any rejection or breakout signs. 📉 Volatility Outlook: Low to moderate expected. Risk management remains crucial.
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📊 Market Update Bitcoin (BTC) remains in a tight consolidation range on the 4H chart, trading sideways for the past two weeks. Earlier today, BTC briefly dipped below $116.4K (Monday’s low) multiple times, but showed solid buying strength. Price is now pushing toward $119K, and the key level to watch is a clean retest of $119.7K (Monday’s high) for potential breakout momentum. Bitcoin Dominance ticked slightly higher today, putting pressure on altcoins. While this may hurt alts in the short term, a BTC breakout would ultimately benefit market structure overall. Ethereum (ETH) has led the recovery over the past week, but keep an eye on Solana (SOL) – it’s currently showing more strength than ETH on several timeframes. If you entered the DOGE setup mentioned yesterday, it’s now up 3%+ following a textbook retest and bounce. ⚠️ Heads-up: Jerome Powell (Federal Reserve Chair) is scheduled to speak at 8:30 AM EST. Expect increased volatility around this time, especially on BTC and macro-sensitive altcoins.
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