6.20 Morning BTC Strategy: The main force uses geopolitical risks to wash out positions, in fact constructing a double bottom structure at 103000, the last opportunity for bulls to get on board!
Market Judgment: On-chain data shows that institutional investors have been continuously increasing their positions recently. For example, Strategy increased its holdings by 6911 and 6556 BTC in March and April 2025, respectively, with a total holding exceeding 500,000 BTC, and an average cost of about 66,000. Asset management giants like BlackRock are also laying out in the crypto market by increasing their Bitcoin ETF and related company shares. This pattern of "retail selling, institutions buying" is consistent with the logic of "main force protecting the market."
Key Level Breakdown
Resistance: Recent geopolitical news and media hype have intensified retail selling, leaving market sentiment in a fragile state. If the price fails to effectively break through 105000, it may trigger a long liquidation, resulting in a short-term correction.
Support: Bitcoin has tested around 103000 multiple times under the recent pressure from bears but has not effectively broken below it. For instance, on June 13, due to an Israeli airstrike on Iran triggering panic selling, the price briefly dropped below 103,000 but quickly rebounded. This price level has strong buying support, consistent with the characteristics of a "double bottom" pattern in technical analysis.
Operational Instructions
🔻 Long Strategy:
Enter in batches:
① Directly go long at 103000-104000
② Reduce positions on weak rebounds at 105000 and adjust the trailing stop
Target: 105000 - 106000 → Track breakthrough at 107800
Stop Loss: 102610