June 3rd, #BTC Market Analysis!
Weekly Level: The old view remains unchanged; don't expect a violent surge. The main theme is to grind near 96000 or a large sideways movement, consistent with last week's thinking!
Daily Level: Although it's wobbling on the MA30 line, this is a typical high position grind. Don't get excited before breaking 107588! More disheartening is that it has formed a "three methods of decline" pattern; it's still necessary to be cautious and keep a stop-loss, don't take chances!
4-Hour Level: The magical MA180 (30-day line of daily) has held again; this wave also recovered the 4-hour MA30. Now it's an awkward situation of upper pressure and lower support. If you want to bet on a rebound, keep a good stop-loss and test the waters (note, it's a fluctuating market, not a one-sided trend!)
1-Hour Level: The consolidation time + breakout conditions have come together! The bulls' final charge is somewhat fierce, the hourly line's center of gravity needs to move up; it might even touch the old fluctuation zone around 108000.
Summary: Want to create a new high in the short term? Dream on! But the main trend is still in the bulls' hands; two paths: 1. Return to the old fluctuation zone (4-hour level breakout and retest) 2. Catch the flying knife after a breakout (focus on 12-hour/daily support for a rebound)
Specific Operations:
Aggressive: Enter a light position at the current price of 105278-104642, set a stop-loss at 104200 (withdraw if the hourly line breaks down), take profits quickly, don't be greedy! Upper pressure looks at 106410-107399
Support Levels:
First Level 102462-101760 (can enter slowly on a decline, monitor the market for quick entries and exits; in case of a sharp drop, try to catch a rebound near 100820)
Second Level 98630-96454 (low probability event, place orders on standby to pick up bargains, risk-reward ratio 1:2)
Special Reminder: The previously mentioned pressure level of 106777 reached a high of 106500 today, being just over 200 points off, so it counts as being hit.
