A bull run is precisely the moment when we need to stay alert, rather than blindly chasing the price. An influx of funds is certainly a good signal, but it does not mean that the market will soar immediately.

Looking back at the recent market, after Bitcoin tested the high points twice on June 7 and 8, it wasn't until the 10th that large capital confirmed its entry (equivalent to the "institutional accumulation zone" in Wyckoff theory, simply understood as the stage where "capital begins to flow in"), located in the area that fell to around 101K last week.

Currently, Bitcoin is hovering around the 110K mark, causing some anxiety. Why is the likelihood of a direct breakthrough low? Because if there were really a strong upward momentum, after testing the high point last Saturday, funds should have quickly flowed in on Sunday to drive the price up, rather than waiting until Monday to take action. This sluggish momentum is concerning.

The biggest concern is the possibility of a pullback this week, which is likely to step back around 106K for support confirmation. This situation is not uncommon, similar to the period from January 18 to 25 this year, the market has also experienced a process of repeated shocks, shuffling and accumulation. The price may be pulled up and down several times around 106K, forming a certain shock range. If it continues to hover at 110K today and cannot break out, then the probability of a retracement of 106K will increase significantly.

Of course, there is also an optimistic scenario – like on February 26th last year, where funds continuously flowed in strongly and prices steadily rose. However, based on the current indecisive trend, the probability of this situation is relatively low, and excessive optimism is not advisable.

Is this possible pullback to 106K a buying opportunity or a risk zone? Are you ready with your funds? The market changes rapidly, so maintaining rational thinking is crucial.