June 10 Midday Analysis

The current strong rise of Bitcoin has exceeded market expectations. After breaking through the liquidity gap of 108,000-109,000, there was no anticipated chain liquidation, and the pullback was extremely brief—after a slight decline, it quickly resumed, continuing the upward trend.

The core reason lies in the concentration of positions: 🛳️ The market is moving at a 'small step up' rhythm, leading many traders to mistakenly believe it is a pullback opportunity and increase their positions, resulting in a significant accumulation of positions waiting to be liquidated below. Current traders need to patiently wait for a more suitable timing.

Operational Advice:

Bitcoin: Position near 112,000-112,500, targeting 108,500-105,000.

Altcoin: Position near 2,700-2,720, targeting 2,660-2,620.