Bitcoin [BTC] kicked off the new week with a rebound above $106,000 after a weekend short squeeze wiped out numerous short positions. The recent 7% surge cleared out much of the excessive leverage, resetting market conditions and paving the way for a potential new move.
However, this scenario is nothing new. Since mid-May, BTC has followed a familiar pattern: sharp declines triggered by liquidation events, followed by bottom-fishing demand, only to be cut short by macroeconomic concerns. The result? Gains evaporate, and price returns to its previous range.
Fourth Attempt to Break Free

At the time of writing, BTC had gained more than 1.3% on the day, climbing to $107,263. Order book data from Binance shows that nearly 60% of BTC/USDT traders are shorting – creating a significant liquidity gap above, potentially setting the stage for another short squeeze.
If that happens, the $110,000 level becomes the next key target – marking Bitcoin’s fourth attempt to break out of its current range and enter a price discovery phase.
Yet, the previous three breakout attempts have all failed, cut short by macroeconomic volatility before a clear bullish structure could form.
Risks Still Looming
Investor focus now turns to the upcoming FOMC meeting in two days. While most expect the Fed to hold interest rates steady – supported by weaker U.S. economic data in May – rising geopolitical tensions are complicating the outlook.
Escalating conflict between two major oil-producing nations has reignited inflation fears, putting pressure on risk assets – and Bitcoin is no exception. Last week alone, BTC slid 7%, dropping to $102,000.
Technically, the current rebound toward $106,000 is following a well-worn script – similar to the three failed attempts before it. This pattern dampens hopes that the bulls can finally break the cycle and push Bitcoin toward a new high.
 BTC
                        BTC                     ETH
                        ETH                     XRP
                        XRP                     USDT
                        USDT                     BNB
                        BNB                     SOL
                        SOL                     USDC
                        USDC                     DOGE
                        DOGE                     TRX
                        TRX                     ADA
                        ADA                    






