#突破交易策略 recently finds BTC at 107,000 quite interesting!

Core anomaly: "Should clear but not clearing"!

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

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

Who is holding it up? It seems to be those playing futures!

Evidence is:

Spot premium is decreasing: indicating that spot demand is relatively weak.

Funding rates are rising: indicating that those playing contracts and going long are willing to pay a higher "protection fee" to those shorting, while still firmly maintaining the price above 107,000! They are the main force supporting the market now.

What does "should clear but not clearing" mean?

Simply put: the market is currently "not in a hurry" to smash down! Not in a rush to explode those long positions below.

Why not in a hurry? Perhaps two reasons:

Reason one: the long positions waiting to be exploded below are "not fat enough", the attraction is not great enough, not worth the effort to smash the market now.

Reason two: the short positions waiting to be exploded above have better positions and are more attractive! The market makers (main force) are more inclined to pull up and explode those who shorted at high positions.