【$btc】2025.6.5

① Since the new high, $btc has started to decline, and as of today, it has been a full 2 weeks of decline. Does this mean that the price will undergo a significant correction and not rise again? Don't doubt your instincts; yes, you are right! It is undergoing a larger adjustment. The target position for this adjustment is at least 102000. So what if, from this moment on, the price starts to rise instead of fall? Will it break the previous high and set a new one? No, even if there is a rebound, it will only provide you with an opportunity to short.

② Therefore, from the above, we can extract one piece of information: 102000 is the first target position for adjustment and also an effective strong support. Even if 102000 is breached, it is quite possible that it will bounce back again. So for the subsequent trends, the 102000 line can serve as your starting point for gradually buying the dip. Note, it's gradual, not all in at once.

③ As for today's short-term trend, it is oscillating towards the downside. Unless it breaks through 106000 again, any rebound will be over, and the area above 106000 can serve as your stop-loss level for shorting. If the price here effectively breaks below the 103700 line, it may accelerate slightly.

In summary, one can be wary of a pullback but there is no need to panic. Even if it goes down, so what? What needs to rise will still rise. From the timeline perspective, the real need for a warning will probably be in July. This month will likely be dominated by wide oscillations.