Sister Sheng's analysis is once again confirmed, the BTC bearish trend continues, with the lower target locked on the liquidity dense area
The recent rebound in Bitcoin at a smaller level aligns very well with Sister Sheng's previous analysis, rebounding just around 106,500 before starting to decline again; it hasn't exceeded the 106,500 level. If you believe Sister Sheng entered a short position at 106,500, you would have already profited nearly 1,000 points!
In terms of trends:
The previous view still holds; the overall downward trend has not been broken. The 106,500 level and the effective pillar at 106,800 have not been broken, so the downward trend continues. So if it declines again, where would be an appropriate target? Sister Sheng thinks that around 101,500 as the first take-profit point for short positions is quite good, as it is near a support point from the previous consolidation after breaking 100,000, which is also a location where liquidity is concentrated!
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BTC Analysis: June 3, 2025 Daily Chart
