Should BTC fail to hold this level, there may be a stronger case for a local top and a potential retracement deeper within the established range.
Daan noted that the market appears poised for a directional move. “If price breaks either the current monthly high or low, I believe it will continue trending in that direction through the rest of June—and possibly beyond,” he explained. Traders are now closely monitoring these critical levels for confirmation.
Despite the technical setup, the broader market remains highly reactive to headlines. Daan cautioned that geopolitical developments, particularly escalating tensions in the Middle East, could inject further volatility.
He also pointed out that the market’s inability to rally sustainably on positive news—such as a favorable CPI print, a new China deal, and Solana’s ETF-related announcement—signals a cautious undertone.
“The market going down on good news is something to note,” he added, suggesting that sentiment may be fragile beneath the surface.
While Bitcoin’s short-term outlook hinges on whether it can hold its range highs, macro and geopolitical variables continue to influence momentum.
As June progresses, traders are urged to keep a close watch on BTC’s monthly boundaries. A decisive break in either direction could set the tone for the rest of the quarter.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/bitcoin-holds-key-range-as-traders-eye-june-breakout-levels/