Daily Market Analysis in Crypto (6.12)
Summary:
Currently, the second internal 4-hour pullback of the daily line is in progress, with a target in the 106900 range. In the coming days, the position of 106750 is particularly important. If the price maintains above the upper track of the 106750 center, it indicates a strong pullback, meaning the daily line upward trend is not over. If it breaks below, it will lead to a daily line correction. If the price drops below this level, the range from 100300 to 110600 can be treated as a single segment upward movement on the daily line for this 4-hour period. Likewise, if it stays above 106750, there is still a possibility of breaking new highs. However, it could also directly lead to a daily line correction from 110650 here. A rebound to 106900 without breaking this high point will form a second sell signal on the 4-hour line. The intraday resistance is at 108700 and 110200, while the support below is at 106900. Those with a fear of heights can watch for a break below on the right side to re-enter long positions. Please like, comment, and share.
