BTC rebounds above 106,000, will it rise next? These 6 traders say so!

Just now, BTC broke through 106,000 with great strength, ETH, SOL and others all rose, and the panic market sentiment improved a lot.

Where will the BTC price go next? The following opinions come from "Followin Trading Strategy Square".

"At present, the small structure is an ascending box, and it looks like it will break through. The key point is whether it can successfully break through 2540 and stabilize in the future. It would be better if the small structure continues to oscillate in a small range. Anyway, if it breaks through 2540 in the future, 2617 can be expected, and the length of the sideways range is already long enough." - Yu Sanshui @YSI_crypto

"BTC big-scale scenario update: It fell from 109k as expected, and should fluctuate widely to around 90k, and then the end of wave C will be 63k. It will fluctuate between 63k and 77k for two or three months before starting the second acceleration phase of the bull market. The drop to 63 is due to technical + liquidity needs on the one hand, and the so-called black swan on the other. Potential black swans include: war/tariffs/the delayed impact of tariffs on macro data." - immy Mige @CryptosLaowai

"$BTC has been fluctuating in this narrow range for the past few days. During this period, there was the FOMC meeting and a lot of big news. As a result, both long and short positions were harvested back and forth in the 2% range. Now both sides have heavy positions in this range, and it is clear where the liquidity is. I will not enter the market easily at the moment, but wait for a breakthrough of the high or low point of the range to see how the market reacts. In the long term, $100K and $110K are still the key positions in June." - Daan Crypto Trades @DaanCrypto

"Bitcoin has been like a stagnant pool of water these past two days. It fluctuates in a narrow range, has no direction, no emotions, and doesn't even bother to give you a false breakout. But the more this kind of market situation occurs, the easier it is for people to make mistakes. When you see a positive line, you rush in to go long, and when you see a negative line, you rush to go short. As a result, you get harvested back and forth, and both long and short positions suffer losses. Be patient and wait for key signals before taking action." - Eric Millionaire | Day Trader@CycleStudies

"Bitcoin is in a very critical area. If it successfully breaks through, BTC may fall to 101,500. At present, this trend line determines whether the key trend of BTC is to break through or rebound. I personally judge that Btc will liquidate the short positions above 105,500-106,500 and then fall, giving you a suitable short position. If it turns down directly, then wait for the price around 101,500 before considering buying positions to take advantage of the rebound. The strongest support below is still 100,189. As long as it does not fall below this position, the market will still fluctuate within a wide range of 10,000 points." - Finance Wukong @wukong2021

"To long, you need to find the best targets, and vice versa, to short, you need to find the worst targets to go short. If you do it right, it's a simple mode. The most taboo thing is: you finally find gold in the garbage dump, and then you think the gold is too expensive, so you decide to short, and then you see that the garbage next to you has fallen by 90%, it's so cheap, so you decide to long. You don't have to buy gold if you think it's expensive, but it's recommended that you don't go short, because when liquidity comes back, the first thing the funds will rush to in a pile of garbage is the gold, and as for the garbage, whether it's 10 yuan per pound or 0.1 cent per pound, if you are willing to buy it, the project party will sell it to you. " ——Honest Mr. Mai @Michael_Liu93

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