Thunder Warning: If BTC falls below 106K, it will directly drop to 88K!
Brothers, the current market is a bit stuck, to put it plainly, it’s just that institutional funds haven’t arrived yet!
On June 9th, I mentioned that BTC would first touch around 106k-108k to test the market's buying and selling power, and indeed, it has followed that script. But the problem arises—institutions are simply not buying at this time!
Current Dilemma:
Institutions are suppressing prices: When the price surged to around 110k, institutions didn’t engage, instead, they took the opportunity to push prices down, attempting to find buyers at lower levels. In simple terms, they want to attract other institutions or large holders into the market with lower prices.
Retail investors are struggling: Recently, the price has been oscillating in a narrow range, with fluctuations so small they make people drowsy; this is institutions washing out retail investors! They are using this grinding market to force retail investors to cut losses, waiting for them to clear out before they can pump the price.
Key Test:
106k is a critical line: If in the next 2-3 days, there can be significant buying around 106k, then the probability of a subsequent rise is extremely high.
Risk of a crash: If even 106k cannot be maintained and institutions still do not engage, BTC could directly drop back to previous lows, such as 94k or even 88k.
What should retail investors do?
Don’t panic! Institutions are currently playing a psychological game; the more they grind, the more it indicates they are holding back a big move.
Focus on 106k: If this level can hold, there’s still hope for the future; if it cannot hold, it’s best to withdraw in the short term!
Don’t be washed out: What institutions want is for you to be unable to hold on and cut losses; at this time, it’s a battle of patience.
Emotional Supplement
Remember, the most agonizing stage always comes before the market starts; institutions won’t let you make money comfortably. In the current trend, you either wait for large funds to enter or wait for the market to completely crash, there are no middle options. Don’t let this grinding market ruin your mindset; the more it is like this, the cooler you need to be!
Data Support
On-chain data shows that long-term holders have not sold off on a large scale, but short-term fund flow is indeed decreasing.
Institutional ETF funds have recently seen a net inflow of zero, indicating that large funds are observing.
From a technical perspective, BTC is oscillating in the 103k-107k range, and the short-term direction will soon be clear.
Follow me for the latest negotiation updates and strategies in the crypto world!
