6-1 Bitcoin Outlook: Reference Structure 2H

Bitcoin has currently entered the oscillation box range of 104800-101700. After dropping to the middle track of the box yesterday, it rebounded to the upper edge and continued to decline. The weakness of the rebound is also related to the low liquidity over the weekend.

On a short-term level, there is also a descending channel structure. Pay attention to the upper edge of the box at 104800 and the middle track price of 103200 in the short term, but it's best to consider going long at the lower edge of the box at 101700.