6.13 Early Morning Analysis

From the 1-hour time frame, the Bitcoin market shows significant selling pressure. After a continuous retest from the 110367 high, a weak rebound occurred after reaching the 106539 key support level. On the technical indicators front, both the DIF and DEA lines of the MACD remain below the zero line. Although the green momentum bars have slightly narrowed, the dominant trend remains unchanged; the moving average system exhibits a tug-of-war state, oscillating around the short-term moving averages. In the short term, if the resistance level of 108000 cannot be effectively broken, the downward trend may continue, requiring close attention to the situation of support levels being breached.

Suggestions

Bitcoin: Can trade around 108100-108600, targeting 106000-104800.

Altcoin: Trade around 2760-2790, targeting 2720-2670.