$BTC This wave of operations is a typical fake fall to wash the market! On the surface, it broke the middle track, but in reality, it quickly turned around to blow up the shorts, with spot funds frantically sweeping the market, while the futures bulls shrank back. This wave of increase is genuinely driven by money, not by the bubble blown by contract leverage.
Next, keep an eye on two scenarios: either stabilize at 106,000 and directly rush to the top of the range, or return to 102,000 to gather strength. The key is to watch for two signals: if the cost of borrowing for long positions (funding rate) continues to be negative, the probability of breaking through the middle track increases by +1; if the spot premium does not decline significantly while fluctuating around the middle track, the probability of breaking through increases by another +1. If neither of these conditions are met, it is highly likely we will return to test the bottom at 102,000.
Currently, the short position graveyard is at 107,000, where residual short positions are concentrated. Touching this level could lead to a liquidation-style surge. However, be cautious of two potential movements: either spiking to 107,000 and then quickly retreating, with the target being the rebound point at 102,000; or fluctuating upwards directly aiming for 112,000-113,000 to harvest high-position shorts. The market is playing a game of bait and switch, with spot market big players quietly making a fortune, while futures retail traders should be careful not to get cut. Don't be fooled by fake moves; keep a close watch on the two critical lines at 102,000 and 107,000, and act only if they are broken!
The most stable route is to first return to 102,000 to confirm support. If there is a forced surge to clear the shorts, it could be a trap, leading to a high followed by a drop, such as a sudden plunge after reaching 110,000.
Prepare in advance for potential coins, click on the profile picture to follow, keep up with my rhythm, and make a killing in this round of the bull market!
