Bitcoin Traders Brace for Volatility as June Closes

Bitcoin traders are preparing for a pivotal week as the cryptocurrency's price hovers around the five-figure mark, with the monthly close of June approaching. The outcome of this week will likely set the tone for July, as the current price level will either act as support or resistance. Observers anticipate significant volatility, with some predicting intraday dips below $107,000 before buyers step in, while others watch for a potential stop-run above $108,900 that could trigger a sharp reversal.

Zen, a prominent analyst, noted that Bitcoin failed to sweep stops above $108,900 twice over the weekend, leaving all the action for this week. He plans to buy pullbacks only after a proper dip with high volume and bullish price action. Zen targets wicks into the $104,000 area, which aligns with a four-hour fair-value gap and the developing Year Value Area High (YVAH). The nearest dynamic support sits at the daily 20-SMA around $105,684, while quarter-close volume clusters near $107,258.

Zen also outlined a tactical short-term idea, considering selling only after liquidity grabs above $108,900. This strategy is preferred if the price spikes toward $110,000 and prints lower-time-frame rejection candles. Key upside checkpoints include $110,700, while downside magnets sit at $105,684, $104,544, and $103,246. Liquidation heat-map data show thick clusters at $109,225 and $110,285 above spot, with notable pools below at $107,133 and $106,370. Consequently, traders expect aggressive sweeps in both directions as algorithms hunt leverage.

Dr. Cat, another commentator, warned that despite the firm short-term tape, the daily and two-day cycles do not look bullish. He recalled a similar setup in April 2024 that preceded a steep slide. Dr. Cat stressed that a close beneath the $98,200 swing low could open a route toward the three-week Kijun Sen, near the high-$70,000 zone, which he called a potential "last selling opportunity before a lot of downside." He also expects Bitcoin to outperform altcoins sharply once that cycle pressure emerges.

Quarter-end rebalancing often spurs large stablecoin migrations that amplify volatility. Traders, therefore, keep one eye on Tether inflows while plotting entries around the highlighted levels by Zen and Dr. Cat. The spot volume of roughly $18.3 billion signals that liquidity remains deep as June ends, setting the stage for a decisive week for Bitcoin.