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$BTC officially enters the core supply zone of the previous high, with a surge of spot buying in the last trading session. At the same time, the spot premium has recovered from zero and is rising again, which slightly reduces the probability of a breakout mentioned in the quote. There should be a chance to break a new high tomorrow.
The focus going forward will be on whether strong supply appears near the previous highs. As long as there is no significant pullback and the premium does not turn negative, the trend should be fine.