$BTC BTC Market Outlook

Bitcoin is currently trading around $63K after bouncing from the $61K region.

In my previous analysis, I highlighted weak market internals and suggested that the recent move higher could eventually be retraced. That view remains unchanged, which is why I've taken profit on 50% of my position while leaving the remainder open for further upside.

The next key resistance level sits around the monthly high (64.2K). Looking at the liquidity map, there's a notable liquidity cluster resting above current price. Since price often gravitates toward liquidity, a sweep of the monthly high before a reversal remains a strong possibility.

If BTC reaches that area, I'll be watching closely for potential short-term scalp short opportunities.

With the FOMC meeting on June 17 approaching, I suspect that date could mark a local lower high. One possible scenario is a pullback into the 61.2K–62K range, followed by a push toward 66K heading into the event.

That said, the market is still heavily range-bound, making precise predictions difficult. For disciplined traders, these conditions continue to offer attractive risk-to-reward scalp setups.

On the downside, there's also a significant liquidity cluster between 58K and 60K. I expect that area to be tested eventually, though likely after liquidity above current price has been cleared.

There is substantial bid support sitting between 56K and 60K, making it a strong demand zone that could provide a meaningful reaction if revisited. If price reaches that region, I'll be looking for larger long positions.

At the moment, my current long is fully risk-free, and I'm simply monitoring how price develops. If we pull back as expected, I'll look for fresh long entries. If we push higher into the monthly high, I'll shift focus toward short opportunities from that resistance zone.#TradebStocks SPCXReboundsTo$183OnHyperliquidSpaceXIPOValuedAt$1.8Trillion#MoneroRises8Point5PercentOnZcashBugBacklash #SECProposesRepealRegNMSImpactingTokenizedStocks