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Bitcoin Holds Key Range as Traders Eye June Breakout Levels

  • Bitcoin is holding a key range as traders anticipate a breakout in June.
  • A failure to hold the current level may lead to a local top and a deeper retracement.
  • Traders are watching closely for a potential directional move based on monthly high or low breaks.
  • Market sentiment remains reactive to headlines, with geopolitical tensions adding volatility.
  • Positive news has not been driving sustainable rallies, hinting at cautious sentiment.
  • Tether and Bitfinex transferred 21,000 BTC to support Twenty One Capital deal.
  • Bitcoin's short-term outlook is sensitive to its ability to maintain range highs.
  • Macro and geopolitical factors are impacting Bitcoin's momentum.
  • Traders are advised to monitor Bitcoin's monthly boundaries for trend-setting cues.

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