BTC Market Analysis: Bitcoin briefly broke through the 107,000 mark early this morning before quickly retreating. This trend may be an active behavior to clear liquidity above — previous analyses and the liquidation map have hinted at such patterns (see previous articles).
From a technical perspective, although the price briefly touched around 107,100, the key resistance levels at the four-hour and daily levels were not effectively broken, and a 'false breakout' scenario cannot be ruled out. The main force may be using the upward movement to create market expectations of a 'bull return' or 'new highs,' while in fact completing the harvesting of liquidity for short positions above.
The current market has returned to the consolidation range, and two major risk points must be closely monitored:
Lower range testing: will it retest the support range of 101,500-100,500; breakout risk: beware of a price drop below the lower boundary of the consolidation range that could trigger a trend reversal.
