The market overview of BTC falling below $ 106000

Figure:https://www.gate.com/trade/BTC_USDT

Latest data shows that the BTC price once fell below $ 106000 and then rebounded to around $ 105,189, with a cumulative fall of more than 2% within 24 hours.

Latest market news interpretation

1. Regulatory platform update: The Hong Kong Securities and Futures Commission has updated the list of licensed virtual asset trading platforms, adding the BGE platform, which helps enhance market confidence, but has limited impact on the overall market in the short term.
2. New contract expectations: Coinbase will launch the SPK-PERP contract on June 19, which may temporarily divert funds in the short term and put certain pressure on the trading volume of BTC.
3. Geopolitical tensions are escalating: The possibility of U.S. involvement in the Middle East conflict continues to ferment, raising market risk aversion, which is also one of the important factors for BTC to fall below a key integer level.

Institution and whale movements

• Mainstream exchanges’ positions: The current exchange wallet balance has slightly increased, indicating that selling pressure has accumulated.
• Large sell orders and buy the dip: On-chain data shows that whale balances are fluctuating at high levels, with some large holders starting to buy in batches after falling below $ 106000, suggesting that the power of buying the dip is brewing.

Beginner buy the dip strategies and risk control

1. Buy the dip in batches: It is recommended to set $105500 and $105000 as the entry prices for batches, dividing the total funds into 3-4 portions to allocate sequentially.
2. Stop-loss setting: If it falls below $ 104000, you should decisively stop-loss or switch to waiting to prevent further decline.
3. Position Management: Do not chase prices, only consider adding to the position after clear rebound signals (such as a four-hour level closing firmly above $ 106000).
4. Pay attention to sentiment indicators: You can use the “Fear and Greed Index” to observe extreme market sentiments. When the index is below 30, the buy the dip signal is more evident.

Future trend outlook

• Bullish levels: If BTC can stabilize in the range of $ 106500–$ 107000, the bulls may launch another counterattack, targeting $ 108500;
• Bearish risk: If it continues to fall below $ 105000 during the day, it may test $ 103000.

Summary:

After BTC fell below $106000, short-term bearish sentiment is dominant, but it also presents a good opportunity to buy the dip. For beginners, the key is to build positions in batches and implement strict stop-losses. By combining macro and on-chain data, one can seize rebound opportunities in a volatile market. Please remember that risks are self-borne, and position allocation should be reasonable.