$BTC

The price has indeed surged here, but to be honest, do you dare to chase this trend? This 112K position looks just like last year's 72K, poised for a breakthrough, but in reality, there are a lot of gaps and declining momentum; it’s not ready to stabilize at all.

The trading volume is visibly shrinking, with only over 90 billion on July 10, which is a significant drop compared to May. This kind of rise without volume, if you want to put it nicely, is a symbolic breakthrough; if you want to put it harshly, it’s just a baiting market.

Last night's trend was clearly a follow-up; the U.S. stocks surged to new highs, and the crypto space couldn’t stay out of it, so it was passively dragged along. The problem is, after the push, who will take over?

Ethereum has risen a bit, but the price is meaningless. The altcoins are a mess, and hardly anyone cares. Do you understand? This is just a show; it’s not a real breakthrough.

Trade in bands within the range, repeatedly taking advantage of key points. Don’t rush to go all in, and don’t be lured by false breakouts.

What’s the most vicious trend? It’s when there’s a sudden plunge to 100K that scares people away, and then a sharp rebound to 112K. This trick has already played out once, and it really is effective!

The key issue right now is not whether it's rising, but whether it can truly break through ATH. If it can, then you can enter on the daily line; if not, be prepared to fill the liquidity gap created by last night's surge.

110.5K is the short-term defense line; if it breaks, continue to look at the 109.7, 109.2K, or even 107K areas. Remember, although Bitcoin hasn’t surged wildly, it also has no reason to drop. The supply side is terrible; no one wants to sell, and even if no one buys, the price can’t crash down.

Resistance levels to reference: 113000, 112000

Support levels to reference: 110500, 109000

Follow Nini for daily updates of wonderful content. #BTC再创新高 #美联储6月会议纪要