A bull market is not the time to rush in with your eyes closed; rather, it’s a moment to keep your eyes wide open! Money has come in, but it doesn’t necessarily mean it’s a signal to take off immediately.

Brothers! Last Friday and Saturday (June 7th and 8th), Bitcoin touched its peak twice, and today (June 10th) we finally saw significant funds entering the market confirming it (this is the 'institution accumulation zone' according to Wyckoff, just understand it as the stage where 'money starts to come in'), located in the area around the floor price where it dropped near 101k last week.

Now it’s stuck at the 110k threshold, unable to go up or down, which is quite nerve-wracking. Why do I feel that a direct breakout is uncertain? Because if it were going to break out, after testing the high last Saturday, it should have surged forward and pushed money in on Sunday! But what happened? It has dragged until today to move. This strength is not convincing enough!

What am I worried about? The most likely scenario is that it will pull back this week! There’s a high probability it will revisit around 106k to confirm again. This isn’t new; think back to the period from January 18th to 25th this year, when it was just back and forth, washing and accumulating? The script might repeat! The price will be pulled up and then smashed down repeatedly around 106k, causing some turmoil. If it just lingers around 110k today without breaking through, then the chance of pulling back to 106k is very high!

Of course, there’s also a 'dream script'—like on February 26th last year, where funds continuously poured in and surged forward. But given the current hesitant pattern, I don’t think there’s much hope; let’s not be too optimistic.

Brothers, is this pullback to 106k a golden opportunity or a risk zone? Are you ready with your ammunition? Let’s discuss your views in the comments section, follow me, and break the news barrier for real-time updates on the latest dynamics $BTC #BTC走势分析