Quarter-end flows and stablecoin moves are expected to drive intraday volatility.
Bitcoin traders brace for a decisive monthly close as the price clings to five-figure territory. Today’s candle will lock a fresh horizontal level likely to guide July positioning.
Observers expect whipsaws while quarter-end flows lift volatility. Some anticipate intraday dips below $107 k before buyers reload. Others watch for a stop‑run over $108.9 k that could spring a sharp reversal.
Spot volume of roughly $18.3 billion signals that liquidity remains deep as June ends.
Zen, writing on Bitcoin Daily, reported two failed weekend attempts to sweep stops above $108.9 k. He noted that the miss “leaves all the action for this week,” when the new monthly level will start acting as either support or resistance.
Besides that context, Zen plans to buy pullbacks only after “a proper dip with high volume and bullish price action.”
He targets wicks into the $104 k area, which aligns with a four‑hour fair‑value gap and the developing Year Value Area High (Y VAH). 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: he will consider selling only after liquidity grabs above $108 900. This is preferred if 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.
Commentator Dr Cat told followers that he “can’t write off a bit more upside” in coming days. However, he stressed that neither the daily nor the two-day cycle looks bullish and recalled a similar April 2024 setup that preceded a steep slide.
He warned that a close beneath the $98.2 k swing low could open a route toward the three-week Kijun Sen, near the high‑$70 k zone, in what he called a potential “last selling opportunity before a lot of downside.”
Moreover, he expects Bitcoin to outperform altcoins sharply once that cycle pressure emerges.
CoinGecko lists Bitcoin at $107 652, down 0.45 percent on the day yet up almost six percent week‑to‑date. Tether-denominated pairs continue to dominate turnover, underlining USDT’s central role in crypto price discovery.
Additionally, quarter-end rebalancing often spurs large stablecoin migrations that amplify volatility. Traders, therefore, keep one eye on Tether inflows while plotting entries around Zen’s and Dr Cat’s highlighted levels.
