Recently, BTC has been quite interesting at the position of 107,000!

Core anomaly: "Should clean up but not!"

Yesterday, BTC was hammered down twice, trying to break through the floor of 107,000: the purpose was clear, to trigger a bunch of long leverages below, to eat their profits.

But what was the result? Both times it didn't break through! The floor at 107,000 is still quite solid.

Who is supporting it and not letting it drop? It seems to be those playing with futures!

The evidence is:

Spot premium is decreasing: indicating that spot demand has weakened a bit.

Funding rates are rising: indicating that those playing contracts are willing to pay a higher "protection fee" to those shorting, and are determined to maintain the price above 107,000! They are the main force supporting the market right now.

What does "Should clean up but not" mean?

In simple terms: the market is not "in a hurry" to drop! There is no urgency to blow up the longs below.

Why is there no hurry? There might be two reasons:

Reason one: the longs waiting to be blown up below "are not fat enough," and the attraction is not strong enough; it's not worth the effort to crash the market right now.

Reason two: the shorts waiting to be blown up above have better positions and are more tempting! The market makers (main force) are more eager to push up and blow up those who are shorting at high positions.

When will it turn bearish?

We will talk about it when it confirms breaking below 107,000! If one day the closing price is 107,000, it means the support is exhausted, and those longs below will start to explode. Then my target will be looking at 105,800.

What kind of move do I hope to see in my heart? I hope to see the price surge up in July! The target is to break through those waiting to explode below 113,000! Blow up all these high-position shorts.

If we can truly blow up this batch of shorts above, it could very likely be the starting point of a new upward trend!

The core logic remains unchanged:

Step one: first look at whether the price is making a new high or a new low.

Step two: see where the "meat" is the fattest and most attractive.

Step three: K-line patterns and such can be used as auxiliary references, but they are not the most critical.

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