$BTC Current price is 107,600 USD. Many people say, "It's over, the bull market is finished." But on-chain data tells us another story — the main players are accumulating. In the past week, the net outflow of BTC from exchanges has continued to rise, especially the new positions in long-term wallets are increasing, which means smart money is building positions amid panic.
From a technical perspective, BTC's daily chart is operating near the middle track, with key support at 106,500 USD and short-term resistance in the range of 108,900—109,300 USD. Once this range is broken, it will trigger a rapid recovery, aiming for 114,000 USD; if volume supports it, 120,000 is not a dream.
On a macro level, the Federal Reserve's hawkish stance is merely verbal posturing; the market has already priced it in. The real deciding factors are the liquidity turning point and institutional positions. ETF holdings are steadily increasing, miner selling pressure is decreasing, and BTC's medium-term logic remains solid.
Don't be scared off by the noise; the middle of a bull market is usually the most difficult to endure. Currently, BTC is like a hunter holding back laughter — the next move could directly overturn the bears' table.
Strategies are released internally every day, positions are still available; check my homepage for the pinned chatroom if you're interested. Keep up, keep up!
