Unmoved by the rhetoric of the horse river, bullish.

BTC Today's Market Analysis 6/6

BTC has reached a strong resistance level of 100700. From the 6-hour indicators, the KDJ has formed a golden cross, and the volume short bullish line has risen to around 103000, temporarily forming support at the bottom.

On the daily chart, after the KDJ at the bottom shows signs of reversal, the MACD has reached around zero, and the volume short bullish line has pulled back to 103100.

We need to pay attention to the 4-hour volume. If the second bar maintains the same or even increases compared to the first one, the upcoming market must continue to rise. Then the points that fell last night will be gradually recovered, and even new highs may be broken.

If the second bullish line is shorter than the first, forming a decreasing situation, it can be understood as insufficient bullish energy, and it will continue to decline, resulting in a volatile downward trend.

Overall, the market is likely bullish, but during the rise, I need to pay attention to the specific situation of the second bullish line in the 4-hour volume, which will serve as a secondary confirmation of the upcoming direction.

Looking back at yesterday's market: Yesterday, the market indicators showed signs of stopping the decline and starting to rise, but there was no momentum for an upward trend. I considered the possibility of a trap to lure in buyers before a sell-off. So I advised everyone to take short positions instead of long ones. The market trend confirmed this situation.

Unexpectedly, Ma Chuan made a series of confrontational statements last night, causing market panic, which impacted the cryptocurrency market and led to a sell-off. This was not a technical trap to lure in buyers for a sell-off. Ahead of the non-farm payrolls, this series of statements raised doubts.

Additionally, there was a wave of increases in early April and May, and from a cyclical perspective, the market should also rise. If the market continues to fluctuate downward, last night it needed to break 100700 and hold above it, then we could see 97300. But that did not happen.

Thus, the entire market is not a technical trap for a corrective sell-off, forming a new monthly cycle of upward trend; rather, it is caused by Ma Chuan's statements, which were not announced all at once but rather gradually. This situation certainly has its peculiarities, and the market will not slowly move up but will quickly recover the overall decline, forming new upward momentum.

Remember, do not be frightened or tempted by Ma Chuan's statements to adjust to a high position. Focus on the second bullish line in the 4-hour chart to determine if it is bullish, and the overall market is seen as bullish. Additionally, for those considering going long near the strong resistance level of 100700, it is advisable to consider a long position while still watching the second bullish line in the 4-hour volume.

Look for 106000; breaking it indicates a full bullish outlook. $BTC #特朗普马斯克分歧