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📊 BTC Market Overview (June 3, 2025)

Current Price: ~$105,566

24h Range: $103,969 – $106,442

Volume: ~$47.6B

Bitcoin is currently testing a critical resistance zone around $106,000, a level that has repeatedly capped upward momentum since late May. The price has rebounded from the $104,000 support area, forming a bullish continuation pattern. However, technical indicators like RSI and MACD suggest caution, as momentum may be waning without a decisive breakout.

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🔍 Technical Outlook

Resistance Levels: $106,000 → $108,800 → $109,396 (Fibonacci extension)

Support Levels: $104,500 → $103,000 → $102,800

Key Indicators: RSI approaching overbought territory; MACD flattening on lower timeframes

A breakout above $106,100 with strong volume could propel BTC towards $108,800. Conversely, failure to surpass this resistance may lead to a pullback towards $104,500 or lower.

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🧠 Market Sentiment & On-Chain Insights

Retail Accumulation: Retail investors are actively accumulating BTC, while institutional players are taking profits, indicating potential market volatility.

On-Chain Activity: A 12% increase in wallets holding over 1 BTC since June 1 suggests accumulation by larger players.

Institutional Moves: Reitar Logtech plans a $1.5B BTC purchase, signaling continued institutional interest.

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🔮 Short-Term Forecast

Analysts predict that if BTC maintains support above $105,000, it could rebound towards $110,000, with resistance near $112,000. A breakout above $108,000 may confirm bullish continuation.

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📌 Summary for Gate.io Traders

Bitcoin is at a pivotal juncture, testing key resistance levels. Traders should monitor the $106,000 threshold closely. A breakout could signal further gains, while rejection may lead to consolidation or a pullback. Stay alert to volume changes and on-chain signals to inform your trading decisions.
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