June 7 Midday Analysis:

Technical indicators show that the daily line has formed a large bullish candlestick with a long upper shadow. Although it has recovered most of the previous day's losses (boosted slightly by non-farm data), it has not completely filled the gap. The Bollinger Bands are extending parallel, and the K-line indicators have turned upward from a low position forming a golden cross. The MACD double lines are still moving downward, but trading volume has mildly decreased. Overall, the daily line shows a signal for a halt in the downward trend, indicating a significant demand for a rebound. However, U.S. stocks fell back yesterday, so the short-term outlook is more favorable for a pullback.

Key Reference Points:

Resistance Levels Above: 105300, 106000, 107000

Support Levels Below: 103000, 102000, 101000, 100000

Suggestions:

Aggressive Traders: Consider a rebound to 104700-105200 for a pullback, targeting 104000-103000.

Conservative Traders: Wait for a rebound to 105500-105800 for a pullback, targeting the same levels. #btc70k