🧠 Sentiment Overview
- The Bitcoin Advanced Sentiment Index has fallen to ~46%, below the neutral threshold of 50%.
- Earlier in June, bullish sentiment spiked above 80%, but has since weakened.
📊 Market Behavior
- Price Range: Currently fluctuating between
$103,000and$105,000. - Recent rebound: From
$103K→$105K, but lacks strong backing.- Open interest and net buying volume remain flat.
- Volume delta (buy vs. sell) is hovering near zero.
🔮 What’s Needed for a Bullish Continuation
- The Sentiment Index must return to the 60–65% range.
- This requires:
- 📈 Increase in open interest
- 💸 Rise in net active buying volume
Without these conditions, Bitcoin could retest support levels around:
🧩 Key Takeaway
Until sentiment and volume indicators improve, upside potential remains limited, and traders should watch closely for signs of support breakdown or renewed buying momentum.
