BTC is caught in a tug-of-war: 106000-109000 becomes the oscillation center, futures liquidation leads the direction choice
The trend of Bitcoin is indeed as Sister Sheng expected, starting to undergo small-level oscillation. Yesterday, it just retested the area around 106800, completing the conversion of pressure and support, and started to rebound slightly. Yesterday's high was around 108300, which is even lower than the expected peak!
In terms of trend:
Today's trend is expected to remain within the oscillation range. The speed of this upward movement is a bit fast, and there hasn't been any significant pullback or adjustment in between. This is just the right place to undergo oscillation adjustment. The main reason could be that there is relatively large space both above and below here, allowing for some conversion between long and short positions. The next directional step will depend on the long-short ratio within this sideways range. The recent market is basically driven by futures liquidation, and this time should be no exception!
Oscillation range: upper limit 109000, lower limit 106000!
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BTC Analysis: June 27, 2025 Daily Chart
