BTC said yesterday that the 100500 near the daily support level has arrived,
It's important to listen to this video, definitely listen.
Today is June 6th for BTC
It's important to hear this video,
At this moment, it has reached the 1-hour resistance of 103600.
The key pressure to watch upwards is this 12-hour level, around 105000, which is the position of the body of the bearish candle from last night.
If it can pull back to 105000, the overall decline is likely to be completed,
First logic, if it can pull back to 105000 and stabilize in a consolidation, it’s likely to stop the decline.
The market will continue upwards.
Second logic, if it starts to turn sharply around 105000, the extreme position would be to break below 100000, adjusting to the 2-day line, around 97000, it may not necessarily reach there, so don't focus on it for now.
If it doesn't stabilize at 105000 and starts to pull back, pay close attention to the 1-hour chart showing a bottoming structure, which can also be understood as a double bottom. If a bottoming structure appears on the 1-hour chart, it can also complete the overall decline.
