June 20 BTC Trading Perspective

BTC has been consolidating with reduced volume between 103500 and 106000 for the past two days. Today is Friday, and this state of reduced volume is now facing an emotional decision point.

In terms of liquidity, there has been accumulation above 105800 and below 103000. My personal expectation for the recent market is that a liquidity clearing will occur between long and short positions. Moving forward, the market may not be easy to navigate, so it’s best to adopt a range-bound mindset for trading.

For intraday trading, one can first enter with low long positions around 103500, aiming upwards towards the 105400-106000 area. After the clearing, we should then look down towards the support line of 102000.