<ul data-eligibleForWebStory="false">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.