According to Greeks.Live, the community exhibits mixed market sentiment, with some traders anticipating immediate upward movement in cryptocurrency prices while others expect significant downside testing. A critical level being monitored is 116800, which could serve as a pivotal support or resistance for BTC trading. These observations suggest heightened volatility and the importance of close technical analysis for short-term trading strategies in the crypto market (source: Greeks.Live).

According to Michaël van de Poppe (@CryptoMichNL), Bitcoin's recent breakout above the $106,500 resistance level triggered a swift move to $108,000, followed by a rapid retest that was aggressively bought up (source: Twitter, June 9, 2025). This trading activity highlights strong buyer interest at these key levels, confirming upward momentum in the current Bitcoin trend. Traders should closely monitor the $106,500 level as a critical support zone, as sustained buying activity above this price could lead to further upward movement and increased volatility, impacting broader crypto market sentiment.

According to Material Indicators (@MI_Algos), this morning’s economic reports have already triggered significant downside volatility for Bitcoin, as predicted in their prior analysis. With less than six hours left before the monthly BTC candle close, traders are closely monitoring critical support levels around $60,000 and resistance near $62,500, as well as key indicators such as monthly RSI and moving averages to gauge potential price direction. The volatility spike is prompting heightened trading activity, with short-term traders advised to watch for a confirmed monthly close below the 50-day moving average, which could signal further downside momentum (source: Material Indicators, x.com, April 30, 2025).