BTC Tuesday, June 17:

Summary of yesterday: short positions were cleared from 106 - 108.8, and by 5 AM, it dropped back to 106. If anyone FOMO'd into long positions last night, they are holding negative positions this morning!

Looking at the 1D price frame, it appears quite friendly as it closed the candle above 106, a green candle but with a small body and long wicks; it may test 106 again this morning, and if it breaks through, it could drop to 104, and if it breaks 104, there could be panic selling as there are many sell orders below 104.

The opposite scenario: testing 106 with buying power => continuous swings between 106-107 then pushing up to test 108.8 again.

I haven't seen clear spot money returning to the market! Yesterday was all about futures.

The market makers are very clever. By the end of the day, they still pushed the price back to the exact zone where both long and short positions have reasons to enter :)))