On June 11, Bitcoin spot ETF net inflow was $165 million, continuing a 3-day net inflow; Ethereum spot ETF net inflow was $240 million, continuing an 18-day net inflow.

Bitfinex large holders have been reducing their long positions since April 12, with Bitcoin long positions decreasing from 71,665 to 43,932. Due to the relationship between Bitfinex and Tether, its actions are very indicative of market trends.

If it drops by 15%, it makes me very anxious 😟 and I can't sleep.

Then you need to change your investment philosophy. This indicates that this place is not suitable for you; the world will not adapt to you, you can only adapt to it yourself.

BTB: The daily candlestick has five consecutive bullish closes, trading above the 5, 10, and 24-day moving averages, with the overall medium-short term trend still very strong. The prices of the 5, 10, and 24 moving averages (108,290, 106,318, 106,958) are all above 106,000, with support at 106,800 below.

From a broader perspective, the highest point at the end of May was 112,000, which is the first resistance encountered. The lowest point last week (June 5) at 100,372 is the first support level. The market has rebounded from 100,372 and has already surged above 110,000; it is assumed that this rebound will be hindered below 112,000, making 112,000 the second resistance.

If the market moves in a large triangle convergence pattern of 112,000 --- 100,373 --- < 112,000 --- > 100,372, then the market has one more chance to dip close to 100,372 (around 102,000).

If the market continues to make new highs after a strong consolidation, then the adjustment will likely not drop below the 5, 10, and 24 moving averages, meaning it will not fall below 106,000.

From a technical standpoint, considering the facts, the current short-term trend is very strong; either pull back to go long or wait on the sidelines. Absolutely do not attempt to short at the top.

Considering the cost-effectiveness of buying on dips, a pullback above the horizontal support of 106,800 may be a buying opportunity. If it falls below 106,000 and approaches above 100,372 (around 102,000), it may be a medium-short term buying opportunity. Therefore, currently, aside from waiting patiently on the sidelines, there is nothing else to do.