BTC breaks through the 110,000 mark again! Where is the smart money quietly positioning?
The excitement in the crypto market remains high, with Bitcoin (BTC) once again strongly reaching the milestone of 110,000 USD today!
Although the current price is hovering around 109,700 USD, the real highlight is below.
Key Insights:
Main funds are intensively accumulating in the 100,000 - 105,000 USD range, forming strong phase support. What does this mean? Smart money may be quietly positioning in this area.
The 93,000 - 98,000 USD range is widely regarded as a key defensive zone (strong support), serving as the bottom line of market confidence.
Despite short-term traders frequently entering and exiting, pushing up the turnover rate, long-term holders remain steadfast, showing no signs of panic selling, which is a positive signal for the future market.
Keep a close eye on the 100,000 - 105,000 main cost area! The price reaction in this range will be a key indicator for judging the strength of short-term trends. Meanwhile, the strong support level at 93,000 - 98,000 is an important reference point for risk control.
The current market seems lively, but the true intentions of the main funds and whether the support levels can withstand the test remain an unsolved mystery. Will it be a buildup for another high or face a deep correction? Where is the divergence point of market sentiment?
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