On June 7, the cryptocurrency market recorded a new movement of Bitcoin. Bitcoin's price broke through the 105,000 USD threshold, creating a notable push for the entire market. This is an important milestone marking the strength of large capital flows, with continuous buying and selling pressures creating unusual short-term fluctuations.
However, after this price increase, Bitcoin is being listed around 105,000.00 USD per coin, slightly decreasing by 0.09% compared to the same time the previous day. The small fluctuation range demonstrates a relatively balanced supply-demand absorption in the daily timeframe, despite the liquidation volume remaining high.
This price action shows investors' cautious sentiment towards macro information and global digital asset market policies. Bitcoin maintaining close to the psychological resistance level of 105,000 USD indicates that investors are waiting for stronger verification signals to determine the next long-term trend.
This movement also clearly reflects the priority of large capital flows into digital assets, despite short-term fluctuations. It can be seen that the cryptocurrency market continues to attract the attention of long-term holders as well as swing traders seeking short-term returns from Bitcoin's strong price movements.
Factors such as smart money, algo trading fluctuations, along with Hedging strategies, swing trading... are all playing a certain role in Bitcoin's upcoming journey. Technical analyses show that price range compression could be a sign of an accumulation phase before a stronger upward wave or correction appears.
In summary, Bitcoin is currently maintaining the 105,000 USD level, decreasing 0.09% during the day, marking a tug-of-war phase between Bull and Bear camps in the cryptocurrency market. These signals herald an accumulation period, awaiting the next price trend explosion.
