BTC Faces Key Support Test
The big coin has failed to rise again, and there is still significant pressure here. Considering market sentiment, most people are starting to accept it and even FOMO (Fear of Missing Out) into it, all expecting the big coin to challenge 120,000. However, from Sheng Jie’s perspective, this is not a good phenomenon! When others are fearful, I am greedy; when others are greedy, I am fearful! This saying carries a lot of weight!
In terms of trends:
Currently, although the upward movement has failed, there is no downward trend either. It is necessary to pay attention to the support around 107,000 below. If this level is broken, it could trigger a new round of decline. Conversely, the big coin is likely to move within this range on the chart, which would provide some opportunities for altcoins, sparking a wave of small altcoin season!
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BTC Analysis: June 12, 2025 Daily Chart
