The post Bitcoin Eyes Potential Breakout Amid Macro Risks and Short Squeeze Setup appeared on BitcoinEthereumNews.com.

Bitcoin’s recent reclaiming of $106k signals a critical juncture amid persistent macroeconomic pressures and market volatility. Despite multiple breakout attempts, BTC remains trapped in a cyclical pattern influenced by liquidity sweeps and macro-driven sell-offs. According to COINOTAG analysis, Binance’s perp order book reveals a dominant short positioning, setting the stage for a potential squeeze or renewed rejection. Bitcoin’s struggle to break past $106k amid macroeconomic uncertainty highlights a volatile market phase with significant implications for price discovery. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin’s Fourth Attempt at Directional Clarity Amid Market Uncertainty Bitcoin’s recent intraday surge of 1.31% to $107,263 marks its fourth attempt to establish a clear directional bias. This move follows a week where BTC reclaimed $106k, squeezing out late shorts after a 7% correction that eliminated excess leverage. However, the market remains cautious as Binance’s order book shows nearly 60% of BTC/USDT perpetual traders positioned short, creating a liquidity pocket just above current prices. This positioning suggests a potential short squeeze if bulls can capitalize on the setup, with $110k identified as the critical resistance level for breaking into price discovery. Yet, previous breakout attempts have been short-lived, consistently undermined by macroeconomic jitters that reset the trend. The persistent volatility underscores the challenges Bitcoin faces in escaping its current consolidation phase. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range…

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Filed under: News - @ June 17, 2025 1:27 am