On Monday, before the US market opens, BTC has already started to move, gradually rising in volume to near the previous high, currently just testing the upper yellow line of the oscillation channel;

Although I tend to believe the price is still oscillating, the generally declining funding rates in the futures market tell me that short positions need to be liquidated in the short term;

And the price being pushed near the previous high may specifically target those short positions that would stop loss upon a new high;

If the yellow line cannot be effectively broken, then over time, the yellow line's position will exceed the previous high by Monday evening, at which point a re-test of the yellow line can achieve a new high while maintaining oscillation;

If the yellow line is effectively broken thereafter, then in the short term it is likely to test the orange average resistance band again, with a target near 105600;

Subjectively, I prefer the former scenario, a spike to a new high followed by continued oscillation and correction; #SUI再创新高 #SUI再创新高 #VELODROME将上线币安 #纳斯达克100指数宣布纳入微策略