BTC Downtrend Continuation Pattern Confirmed, Countdown to $100,000 Defense Battle?
Bitcoin surprisingly rebounded yesterday, without further declines, but the strength of the rebound was also mediocre, and it has started to drop again!
In terms of trend:
From a small timeframe perspective, this looks more like a rebound adjustment within a downtrend. If we view the current overall small timeframe as a downtrend, then the rebound is still in a downtrend unless it surpasses the 106,500 position! If it falls below the 103,000 low again, it is likely to further drop to the significant level of $100,000!
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BTC Analysis: June 2, 2025 Daily Chart $BTC