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Bitcoin is struggling with intensified variability after a edged sale caused by sudden US President Donald Trump with a wide 50% wide tariff In all EU imports from June 1. An unexpected macroeconomic movement sent shock waves through assets, and Bitcoin was no exception, giving back with aggressively All time nearly 111,800 USD Until the fall of around USD 107,500 in a few hours.
Although there has been a brief recovery compared to USD 109,000, the following price action now shows an intensive battle between bulls and bears, with technical analysis at a 1-hour secular time showing two ways to restore Bitcoin this week.
Bitcoin compression structure between fair values
According to Crypto Tehthomas analyst, the current Bitcoin price structure is defined by two Opposite 1-hour gate values (FVGS). The lower FVG zone identified by the analyst is about USD 107,500, which appeared during a rally in the direction of 111 814 USD ATH and currently acts as the first significant reaction point after Rally.
The upper range of FVG is from 109,800 to 110 700 USD. This level, earlier, a breakdown candle base, on Friday exceeded robust resistance. Interestingly, the rejection was confirmed in this upper FVG, which showed that there were many sellers in this zone.
In particular, the 1-hour chart divided by the analyst indicates the impasse scenario at the price of bitcoins. Breaking above or below identified gaps in fair value will probably define the directional attitude for the next main legcoin leg.
Another impulsive Bitcoin movement will probably have confirmation of volume, or with stubborn displacement above resistance or bear, which pushes the Bitcoin price towards the lower demand.
Photo of the chart from TradingView
Stubborn and bears of Bitcoin scenarios
Interestingly, since the analysis, The following price campaign It was marked by Bitcoin in recovering the upper FVG and greater consolidation around the lower FVG to USD 107,500. This is the most critical at this level, because Bitcoin’s reaction can either cause a reflection up or a significant price withdrawal.
For a stubborn scenario, The reflection at the lower part of FVG will send the price of Bitcoin towards the upper FVG. A constant traffic above the upper FVG each $ 110,700 would indicate stubborn recovery and can bring a fresh highest time of all time About $ 113,000 back to the attention center.
In the case of a bear scenario, especially with a pure loss of USD 107,500, the path opens to a transition to USD 106,000. This level is in line with the liquidity pool left after consolidation at the beginning of last week. If the structure drops below USD 106,000, sellers can take control in a tiny period.
At the time of writing, Bitcoin traded for USD 107,017.
A distinguished picture from Unsplash, TradingView chart
