#BTC# 120000 has ultimately broken through! The momentum of the long positions trend is too obvious, and those with a discerning eye can tell. Bitcoin's rhythm allows for rebounds of two to three thousand points, which is indeed very strong. The overall market has started to surge from the low point of 117600 in a wave-like structure, making a strong push around the upper band region, reaching a peak of 120400 before hitting resistance. Currently, it is oscillating around 119800. The low point long positions we arranged yesterday perfectly captured nearly 4000 points of space, which shows how strong this long positions momentum is. In a trending market, going long is easy, but today's high point is facing resistance; if it doesn't break, we can short.

From the overall structure of the current market situation, it shows characteristics of a rebound reaching a peak. After a significant bullish rise, the subsequent series of minor bearish movements reflect an excessive release of long positions energy, and the subsequent momentum is evidently insufficient, indicating a clear demand for a pullback in the short term. At the same time, the market has been in a range-bound tug-of-war recently; under this oscillating pattern, once a rebound peaks, it is often accompanied by a corresponding pullback adjustment to repair indicators. In summary, the intraday operation can initially maintain a bearish outlook.

Bitcoin intraday is around 120200-120500 short, looking at 118000.

Auntie is shorting the intraday range around 3740-3750, looking at 36500 #山寨季来了？# #稳定币监管风暴# #Gate 6月透明度报告# .