BTC106800 becomes the grave of bulls! Daily chart "hanging door guillotine" warning, bears eyeing liquidation below
How many people were lured to chase the long position by the small-scale strength of Bitcoin yesterday? It briefly strengthened in the afternoon, leading everyone to believe this wave would continue to rise, but what happened? It still stopped at the key resistance level around 106800, directly performing a hanging door art, dropping back to around 102600.
In terms of price action:
After the current pin low, it rebounded to around 103500 and consolidated sideways. Due to the weekend, liquidity is insufficient, leading to another wave of sideways adjustment. If you're watching the market, you can make some short-term trades, applicable only to the weekend's sideways pattern. Overall, Sister Sheng is still somewhat bearish, but we need to pay attention to changes in liquidation data. This wave has liquidated bullish liquidity, so we should watch if there will be an increase in liquidity above next week. The most important focus is the central position of 106800-107000, which requires attention!
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BTC Analysis: June 21, 2025 Daily Chart
