‼️June 11th [BTC Market Analysis]‼️

【BTC Market Analysis｜Trend Observation and Trading Suggestions】

Bitcoin has currently returned to the $110,000 level, with only about $2,000 remaining from its historical high, continuing a strong structure overall. Last night's market did not form the expected second dip, but after breaking through the key resistance at $109,520, it further tested the area above $110,000. However, the upward momentum has weakened, and after a short-term surge, a pullback occurred, indicating some selling pressure in that area.

Although the short-term bullish momentum is slowing down, the overall trend remains positive. Continuous net inflows of funds from the ETF side provide medium to long-term support for the spot market. On-chain data and institutional fund flows indicate that the market is still in the accumulation phase.

Technical Highlights:
• Short-term support level: $107,500 – $108,000 range (previous consolidation range upper bound coinciding with moving average support)
• Short-term resistance level: $110,000 – $111,500 area (upper selling pressure zone)
• The structure still maintains a strong position with high-level fluctuations.

Operation Strategy Suggestions:
• Spot investors: It is recommended to mainly hold positions, gradually increase positions in line with the trend, and control the pace;
• Buy on Dips Strategy: If there is a pullback to the support area, it is recommended to enter the market in small positions gradually.
• Medium-term outlook: It is expected that the main bullish trend will unfold in the second half of the year, with short-term fluctuations not altering the medium-term bullish logic.
Overall, the market is in a phase of alternating trend continuation and high-level consolidation. It is advisable to remain patient, avoid chasing highs, pay attention to capital flow and news catalysts, and seize opportunities to increase positions in line with the overall trend.

📊 Market Data Briefing:

• Total liquidations in the past 24h across the network: $310 million
• Total open contracts across the network: 160.36 billion USD
• Total transaction volume: 286.23 billion USD