1. Current price trend: Approaching the previous high, but a bit 'out of breath'.

Latest price: As of today (June 10), BTC peaked at $110,290 and is now at $109,200.

Technical signals:

Bulls are dominant: The 1-hour K-line shows a MACD golden cross (the fast line crosses above the slow line), and the volume is also increasing, indicating that short-term buying is quite active.

But do not be too aggressive: RSI has exceeded 70 (overbought zone), plus $110,000 is near the historical previous high resistance level ($111,980), there may be pullback pressure in the short term.

2. Key positions: Keep a close eye on support and resistance.

Support level (position that can catch a fall):

$105,000: Recently tested several times without breaking, it is a strong short-term support.

$103,700: If it falls below $105,000, this can serve as a support (95% of Bitcoin costs are below this price).

  • Resistance level (a position that may get stuck when rising):

    • $110,000-$111,000: Previous high area, if it breaks through, it may rush straight to $112,000.

    • Above $112,000: If it breaks through with volume, it may accelerate to new highs.

3. Market sentiment: Greed is warming up, but short sellers are still lurking.

  • Sentiment indicator: Fear and Greed Index rises to 64 (Greed), indicating that retail investors are chasing the rise.

  • Liquidation risk: $436 million was liquidated within 24 hours, with short positions accounting for 87% ($381 million), indicating a rapid rise that buried short sellers. If it continues to advance, there are still $685 million in short positions that may be forcibly closed, boosting the rise.

4. Fundamental benefits: Both funds and policies are supportive.

  1. Institutional buying has not stopped:

    • BlackRock's Bitcoin ETF (IBIT) holdings have broken $70 billion at a record pace.

    • Public companies (such as KULR, BitMine) are still increasing their BTC holdings as long-term reserves.

  2. Macroeconomic policies are warming up:

    • U.S.-China trade negotiations have eased: Trump praised the talks as 'not bad', chip stocks rose, and risk assets (including BTC) benefited.

    • Federal Reserve interest rate cut expectations: If tonight's U.S. CPI data is weak, the probability of a rate cut in September will increase significantly, and BTC may rise again.

  3. Regulatory shift to friendly:

    • The new chair of the U.S. SEC supports 'self-custody wallets', encouraging on-chain innovation, long-term beneficial for the ecosystem.

5. Operational advice: Focus on buying the dip, do not chase high.

  • Radicals:

    • If it pulls back to stabilize at $106,000-$105,000, consider entering long positions in batches, targeting $108,000→$110,000.

    • Breakthrough of $110,300 with volume, lightly chase long positions, set stop loss below $109,000.

  • Conservatives:

    • Wait near $103,700 to buy the dip (high cost-performance support), set stop loss below $101,000.

    • If it rushes to $111,000-$112,000 and stagnates, consider partial profit-taking.

  • Must set stop loss: regardless of long or short positions, set stop loss with a space of $500-$800 to prevent spikes.

Summary
Today, BTC is in a bull-dominated rebound, but there is pressure at the previous high of $110,000, which may first pull back before advancing. Those holding spot can observe, and those wanting to increase positions should wait for a pullback; remember to set stop losses for contracts, do not hold onto losing positions.
Key monitoring nodes:
① U.S. CPI data (affects interest rate cut expectations);
② Whether it can stabilize above $110,000.
Short-term trend is bullish, but volatility will be large, do not hold too heavy positions!