On the morning of June 10, Bitcoin experienced continuous volume increases in the 15-minute and 1-hour cycles, strongly breaking through the 110K barrier, drawing significant market attention. From the chart, the current trend can be summarized as: 'Strong trend, aggressive bulls, but significant concerns remain.'

1. Candlestick Patterns and Bullish Structures

On the daily chart, June 9 closed with a large bullish candlestick, strongly breaking through the previous consolidation platform (around 10700-10900), which is a typical 'breakout - pullback - re-ascend' trend model.

In the 15-minute and 1-hour cycles, the market has continuously formed an upward structure, with highs and lows consistently rising, indicating that the bulls are controlling the pace. Especially above 110K, it remains strongly consolidated, suggesting that selling pressure has not yet appeared, and there is hope for further challenges to the upper resistance.

2. Indicator Resonance Supports Bullish Trend

MACD: Both the 15-minute and 1-hour are above the zero line, with the short-term DIF line diverging upwards, showing that the main funds are still increasing positions. However, there are signs of volume reduction on the 1-hour line, and caution is needed as momentum weakens, with continuous overselling on the 15-minute indicating opportunities for short positions.

RSI: The 15-minute RSI is approaching overbought (72.99), but has not yet started to decline, suggesting that the trend may continue to rise; the 1-hour remains around 70, indicating a strong market environment.

EMA Moving Average System: EMA7, 30, 120 are in a standard bullish arrangement, with prices closely following EMA7, indicating strong short-term capital intervention.

TD Indicator: Also shows continuous overbought conditions, with potential pullback risks increasing; do not blindly chase highs today.

3. Trading Volume: The core indicator of whether the bulls can sustain.

A breakout with increased volume is most feared if there is a divergence with decreased volume. From the current hourly chart, when prices rise, the volume increases accordingly, indicating a healthy upward structure; a significant increase in daily trading volume may suggest that the market is transitioning from a consolidation phase to a trend phase. However, it is important to note that if today’s intraday volume fails to follow through, the risk of high-level consolidation or pullbacks will increase.

[Strategy Suggestion]

📈 Long Position Strategy:

Buy Point One: 109500

→ Corresponding to support near EMA30, which is also a key support level on the previous hourly chart and a significant psychological price point.

Buy Point Two: 108500

→ Corresponding to EMA120 support, which is also a previous low position, belonging to a secondary low absorption area.

Stop Loss: 107900

→ If this level is broken, it indicates a disruption in the short-term trend structure, with bulls losing key support.

Short Selling Strategy:

Sell Point One: 111000

→ This is an extension area of previous highs, combined with pressure at significant round numbers.

Sell Point Two: 112000

→ Further upward targets are psychological resistance levels and potential areas for enticing buying.

Stop Loss Point: 112600

→ If there is a strong breakout, it indicates that the trend has entered an accelerated upward phase, and short positions should quickly stop losses and exit.

Many retail investors only start to get 'envious' at 110K, asking me if they can chase. My answer is - 'There is inertia in the short term, but once the volume does not follow through, it becomes a trap.' In this continuous upward trend, the key is not to chase but to wait for 'volume reduction and pullback without breaking the structure' before entering; for short positions, it is advised to wait for a break below key support before shorting, and not to chase highs.

What the market fears most is not a decline, but a rapid surge with no one following.