We are in the later stage of a bull market, don't exit!
#比特币走势分析 It's quite long, thank you all for watching!
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0606 Market Analysis
Updated the four-line chart, the 100,000 mark is a pretty good support point, it stopped falling when it touched in the short term.
Many people asked yesterday if it will drop to the 70,000s, this cannot be determined.
What can be determined is that 100,000, 90,000, 80,000, and 70,000 are all buffer zones during the decline of Bitcoin, the lower the price, the stronger the support.
When it hits the 90,000s, we can start to buy in batches.
If it drops to the 80,000s or even the 70,000s, it would require significant bad news to bring it down, and I am not sure if there will be major bad news.
From the options market, the open interest in June has already exceeded that of December 2024 and January 2025.
Although after the recent high point there has been a certain degree of liquidation and adjustment, the open interest has decreased but is still close to historical highs.
After the trends of Bitcoin in December last year and January this year, I believe everyone is clear in their minds.
The open interest not reaching new highs is because many people chose to take profits or stop losses and did not open new positions, fundamentally still unclear about the future direction of the market.
Regardless of bullish or bearish, there needs to be confidence in establishing direction.
But this is given by macro factors and liquidity, which requires time.
Since more and more people are now trading contracts, the weight of contracts as a tool for analyzing the market will also increase.
Next, Monkey Brother will often share some insights on contract data.
Be patient and wait for the Bitcoin adjustment to end, be patient and wait for the major market trends in the primary market.
#我的COS交易 #BTC