Hello everyone, I am Uncle Thirteen from Blockchain. Today, we will comprehensively analyze the current market situation of Bitcoin from three dimensions: technical, macro, and practical strategies, and provide specific operational suggestions for contracts and spot trading.
1. Technical Analysis: Key Support and Resistance Levels
As of now, the BTC price is about $104,800, up about 2% from the previous day.
Support Level:
104000: Key support level for the current price, if broken, may trigger further declines.
100,000: Psychological threshold, historically has served as a support level multiple times.
97,600: Previous low point, if broken, may test 94,500.
Resistance Level:
105500: Short-term resistance level, if broken, may rise to 107000.
107,000: Previous high point, if broken, may challenge 112000.
112000: Historical high point, strong resistance level.
In terms of technical indicators, BTC price is attempting to break through the 20-day Exponential Moving Average (EMA) at approximately $104,180; if successful, it may rise further.
2. Macroeconomic Analysis: Policies and Market Sentiment
Recently, macroeconomic factors have had a significant impact on BTC prices.
Policy Factors:
U.S. Policy: On March 2025, President Trump signed an executive order to establish a strategic Bitcoin reserve, aiming to use Bitcoin as a national reserve asset, boosting market confidence in Bitcoin's long-term value.
Market Sentiment:
ETF Fund Inflow: Bitcoin ETFs from Fidelity and Ark Funds attracted a large inflow of funds, reaching $343 million on Monday alone, the largest trading day since May 2.
Market Volatility: Speculators are betting that Bitcoin will reach $300,000 by the end of June 2025, but mainstream predictions are more conservative, expecting the price to be between $100,000 and $120,000.
3. Practical Strategies: Suggestions for Contract and Spot Operations
Contract Trading Strategy:
Long Strategy:
Entry Point: Around $104,000
Take Profit Target: $105,500 (primary target), $107,000 (secondary target)
Stop Loss Setting: $101,000
Strategy Explanation: If the price stabilizes above $104,000 and trading volume increases, consider going long, targeting the $105,500 to $107,000 range.
Short Strategy:
Entry Point: If the price falls below $104,000
Take Profit Target: $100,800 (primary target), $97,600 (secondary target)
Stop Loss Setting: $105,000
Strategy Explanation: If the price falls below $104,000, it may trigger further declines, consider going short, targeting the $100,800 to $97,600 range.
Spot Trading Strategy:
Buying Area: Between $97,600 and $100,000, build positions in batches.
Take Profit Target: $105,500 to $107,000 range.
Stop Loss Setting: $94,500
Strategy Explanation: Build positions in batches in the above buying area, targeting the $105,500 to $107,000 range, with a stop loss set at $94,500.
4. Risk Management Recommendations
Leverage Control: It is recommended to use no more than 5 times leverage to avoid forced liquidation due to market volatility.
Capital Management: Control the risk of each trade within 1% to 2% of the total account funds.
Emotion Control: Avoid letting emotional fluctuations affect trading decisions, maintain calmness and discipline.
5. In conclusion, Uncle Thirteen has something to say
Currently, the BTC price is around $104,800, with technical and macro factors intertwining, leading to increased market volatility. It is recommended that traders choose appropriate trading strategies based on their risk tolerance and trading experience, and strictly implement risk management measures.
The above analysis is for reference only; actual operations should be adjusted based on personal circumstances and real-time market changes.
I am Uncle Thirteen from Blockchain, wishing everyone successful trading!
