$BTC told everyone yesterday that 11.5-11.45k is a good entry point for long positions. The lowest last night was 11.46k, which started the rebound.

$BTC was influenced by the speech and directly dropped to the 11.16k position last night before rebounding. In the short term, it encounters resistance at 11.72k. Although there was some inflow into ETFs yesterday, it still counts as a net outflow. It is evident that the price increase process is driven by futures speculation. Without the support of spot funds, it is difficult to break through key resistance in one go.

After reaching a high at 12 o'clock, it began to distribute, with bulls taking profits. After consolidating and digesting over the weekend, there is hope for further increases on Monday. The positions to focus on below are in the 11.5k-11.45k range, which are also good entry prices for going long. Only by breaking through 11.72k will the market be in a favorable position.

$BTC