According to Skew Δ, BTC experienced a strong upward impulse into the $106,000 level, with significant short positions still present and additional shorts being added. The order books show notable ask depth, indicating that spot flow is currently dominant and highly influential for today’s trading. For BTC to move higher from this level, substantial taker bids in the spot market will be required, highlighting the importance of real buying demand to drive further price auctions. Traders should monitor order book dynamics and spot market flows closely as they are key to near-term price direction (source: Skew Δ via Twitter, June 20, 2025).

According to Mihir (@RhythmicAnalyst) on Twitter, Bitcoin (BTC) recently dipped after testing a key resistance level, with price action strictly following technical indicators rather than any fundamental news (source: https://twitter.com/RhythmicAnalyst/status/1932450676371608048). Traders are focusing on chart-based resistance and support zones to inform short-term positions. The lack of external drivers highlights the importance of closely monitoring technical analysis for near-term BTC trading strategies.

According to Crypto Rover, Bitcoin is breaking through resistance aggressively, indicating a surge in bullish momentum that could signal new trading opportunities. This breakout above resistance levels is a key technical signal often associated with increased buying pressure and potential trend continuation, making it crucial for crypto traders to monitor further price action and volume closely for confirmation (source: Crypto Rover, Twitter, May 9, 2025). Such aggressive resistance breaks have historically led to heightened volatility and liquidity in the Bitcoin market, impacting short-term trading strategies across major exchanges.