Prices remained strong on Monday, but risks are intensifying. These signals need to be monitored

BTC is currently oscillating at a high level around $77600, reaching a 24-hour high of $78050. After a rapid rise earlier, market sentiment has clearly warmed up, with the Fear Greed Index rising to 73, and high chasing funds and leveraged positions increasing. At the same time as the price is strong, risks are also beginning to concentrate. Firstly, see if it can truly stand firm around $78000. If the volume continues to increase after breaking through, it indicates that the buying market is still strong; If you repeatedly rise but cannot stand firm, short-term profit taking may begin to cash in. Secondly, check if leverage continues to be crowded. At present, the long short ratio of Binance BTC accounts is about 1.13, but the proportion of long positions has significantly increased in the past few hours. The closer the price is to the previous high, the more it is necessary to prevent a rapid pullback after the concentration of bulls. Third, look at the yield of US treasury bond bonds and the signals of the Federal Reserve. The yield of 30-year US Treasury bonds remains high, and the market will also welcome the Jackson Hole Central Bank Annual Meeting this week. The speech by Federal Reserve Chairman Warsh on Friday may once again affect expectations of interest rate cuts. Fourth, look at the situation between the United States and Iran. The United States plans to further expand financial sanctions against Iran, and risks related to the Strait of Hormuz may still affect oil prices and global risk aversion. On Monday, the market will first digest this news. Fifth, see if institutional funds can continue to undertake it. The recent rise of BTC is accompanied by institutional demand and short covering. If spot funds continue to flow in, the high-level trend still has a basis for continuation; But if funds begin to significantly cool down, the sensitivity of prices to profit taking will quickly increase. Warning location *Above $78000: Observe whether the breakthrough can be sustained *$76000- $77000: Short term long defensive area *Around $75500: Be alert to the weakening of high-level structures after falling below At present, BTC is still relatively strong, but after continuous gains, the market has entered the stage of "high-level game" from "searching for the bottom". Focus on observing whether prices, leverage, and funds continue to synchronize on Monday. Risk Warning: The above is only for market information sharing and data analysis, and does not constitute any investment advice.