$BTC is gradually approaching the strong contested zone

First, we recorded strong buying power during the day, affecting the price to the 71k mark after about 2 months below this level, but...

Also on the same data, the mark around 72-73k has a dense sell wall worth more than 50m$ waiting. On the other hand, the 72-74k zone is also densely liquidated short, attracting the price to go up, but in the situation where $BTC is successfully swept, then above there is no more liquidation momentum.

That price zone is also where there are many fluctuations for the expiration points within 3 months, according to data from Option

And now it's time to delve into each data

With data from the Spot market, strong buying power is not only reflected on the floor but with ETF funds, it is even more terrible with the amount of BTC bought yesterday reaching 880m$ - much larger than usual!

-> Reflects the perspective that investment funds and big players are pushing prices and buying very strongly at this time.

- With data from Future, it is true that liquidation is only dense up to the price of 75k, but if it reaches this price, it will also create a huge increase for $BTC .

- And finally, Option data, although there will be many conflicting expectations, but for those who have followed Quant from previous articles, we can see that Whale's expectations for this June are all growth expectations!.

"So what will happen?"

- It is quite certain that BTC will soon approach the 72-73k mark and when it gets there, there will be a slight adjustment or price dispute leading to SW.

- With the focus on it, DOM can easily rise, leading to a few altcoins weakening and that IS our OPPORTUNITY!!

Source: Gia Cash Luong