Big G's Bitcoin Watching Notes: Tug of war between bulls and bears, the market makers are sharpening their knives!

In summary: BTC is stuck in the middle of the Bollinger Bands playing high and tight, market makers are sharpening their knives waiting for liquidation, and the best strategy for retail investors is to lie flat and watch the show!

Technical analysis: Stuck between two choices, waiting for the wind while sideways.

Resistance level at $107,500: The upper Bollinger Band is pressing down, just a step away from the May high of $107,308, market makers buried $1.2 billion in short positions here, a breakout will lead to an explosive short squeeze, heading straight for $110,000.

Support level at $105,800: If the middle line can't hold, the lower line at $104,050 is the line of life and death, but the old whales on-chain (holding over 1000 BTC) have been quietly offloading recently, beware of spikes.

MACD golden cross but looks inflated: The bars are elongated but the volume is shrinking, it looks very much like a fake move, real breakthroughs require volume, otherwise, it's just a trap for the unsuspecting.

Big G's spicy comments: In this market, the market makers draw the candlestick with one hand and explode contracts with the other, retail investors making random moves are just giving away their positions!

News front: ETF cooling vs contract all-in.

Institutions are quietly changing hands: BlackRock ETF inflows are shrinking, Grayscale is still bleeding, but CME Bitcoin futures open interest has surged to a historical high of $72 billion, large institutions are betting on a dollar collapse scenario.

Trump is stirring things up: The ceasefire news between Russia and Ukraine ignites trading volume on XBIT exchange, in this geopolitical chaos, BTC is increasingly resembling 'digital gold', but the new US tax regulations are specifically targeting large transfers, whales are afraid to act recklessly.

Risk warning: RSI is nearing overbought territory, a short-term profit-taking could easily lead to a collapse, referencing the tactics before the violent rebound from $93,390 in early May.

Classic case: After last December's sideways movement, a 'fake ETF news' caused a 15% spike, only to drop back to the original level within a week; history is just a repeating machine!

Today's strategy: Lie flat or lightning strike?

Radical: If it holds above $106,500, you can take a small long position, set a stop loss at $105,800, target $107,500. Don't be greedy after the breakout, secure your profits!

Stabilist: Place an order for $105,800 for a low buy, or wait for a breakout above $107,500 to chase, don't give away your position in the middle.

Remember the rule: Don't bet on direction during sideways movement, focus on hitting stop losses, in a bull market, quick drops are common, holding spot is king!

Tonight, keep a close eye on the CME opening, Grayscale is dumping while institutions are supporting, the outcome will be decided in an instant! If you feel helpless and confused in trading right now and want to learn more about the crypto space and get the latest news, click on my profile to follow my introduction, and don't get lost in this bull market!