Daily Market Analysis in the Crypto World (6.12)
Summary:
Currently undergoing the second 4-hour pullback within the daily chart, targeting the 106900 range. The position of 106750 is particularly important in the coming days. If the price remains above the upper track of the 106750 central point, it indicates a strong pullback, and the daily upward trend is not over. If it breaks down, it will lead to a daily correction. If the price falls below this position, the range from 100300 to 110600 can be processed as a single upward segment on the daily chart. Similarly, as long as it stays above 106750, there is still a possibility of breaking new highs. However, it could also lead to a daily correction directly from 110650, with a rebound to 106900. A 4-hour rebound that does not break this high will form a second sell on the 4-hour chart. The upward pressure for the day is at 108700 and 110200, while the support below is at 106900. Those with a fear of heights can watch for a break below and then re-enter long positions. Please like, comment, and share!
