Don't be afraid, bulls! BTC is fluctuating, and the bears want to feast on the 'big meat'? No way!
BTC is stuck at 107k-108k, it's frustrating! The small-scale trend is weak, and we need to focus on the downside in the short term! That's where the bulls' 'liquidation targets' are, and the bears are watching closely!
Look at the red box in the picture, new 'bets' are coming in. The new bear leverage is much stronger than the new bull! Holding back bad intentions.
Key signal: The spot premium is still falling! Explanation: Real spot is being sold, and the futures bulls are picking it up! The funding rate has gone from negative back to zero, proving that some fearless bulls have entered the market!
BUT! The liquidation chart is silent! This indicates that the new bulls are very smart! The leverage is extremely low, composed of long-term veterans! The liquidation price is far at 85k-90k, tough nuts! It can't explode now!
My view is here: The big trend is firmly bullish! Don't be scared by small pullbacks! However, the risk of a short-term pullback is increasing!
If it really drops, the bear targets are clear:
1. 105.5k!
2. 103k!
No hope for the bulls? Nonsense! Key reversal: The spot premium must rise + the price must stabilize above 108k! If achieved, the bears will be in trouble! First, explode at 109.7k, then eat the 'old short orders' below 111.3k! It's going to be great!
Just now at 106.5k, a 'fake break' was pulled, a psychological game by the whales!
What’s the result? In the short term, we still have to grind in this broken range of 107k-108k!
What's the strategy now? Super simple: Keep a close eye on the 4-hour chart! Break through 108k with volume? Go long! Effectively break below 107k? Go short! No confirmation? Hold your horses, don’t make any rash moves!
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