BTC

Recent price fluctuations near EMA(144), currently in a low-level pullback phase, but overall remains in a downward trend. In the short term, there are signs of a rebound, but bullish momentum is insufficient, and market sentiment remains bearish.

Short-term outlook:

Based on short-term indicators (such as MA5, MA15, and MACD): The market has slight rebound potential, but the rebound space is limited, and attention should be paid to breaking through the resistance level of 104556.3.

Medium to long-term trend (such as EMA144/169, Alligator): The market overall remains in a downward trend, even if it stabilizes in the short term, there are no clear bottom signals, and the probability of continued adjustments is high.

Technical Analysis

Candlestick patterns: Recently, there have been “doji” and “hammer” candlesticks, occurring in early June and late May respectively, suggesting possible rebound signals, while the “three black crows” pattern (late May) confirms the strength of the downward trend.

Alligator: The three lines continue to be arranged in a bearish formation and diverge downward, indicating that the market is in a strong bearish trend, and recent rebounds may be corrections of the decline.

EMA: Price tests EMA144 support, short-term rebound but momentum is still weak, and the long-term moving average direction remains upward.

MACD: The DIF line is close to the DEA line, with red bars emerging but weak strength, indicating that downward momentum is weakening but the trend has not yet reversed.

MA: Both short-term and medium to long-term moving averages are tilted downwards and arranged in a bearish formation, with prices consistently below MA30 and MA60, indicating the market trend remains bearish.

BOLL: The middle track is tilted downwards showing pressure, the lower track has supporting effect but the price rebound strength is insufficient, overall trend is weak.

Pattern: Bullish bat pattern has broken. Trendline has been broken. Strong support level of 103000 has been breached.

Trend: Likely to turn, leaning towards a bearish market!

Support: 98000

Resistance: 103000-104000