Friday, June 13, Latest Bitcoin Market Analysis

Good morning everyone, the market saw changes in the early hours, with Bitcoin first rising to around 108500, and after a pullback to around 108500, it experienced a slight rebound. Subsequently, it dipped down below 106500, and is currently fluctuating around 105800; Ethereum rebounded above 2760, then fell below 2700 to a low of 2614, and is now rebounding to around 2630 for adjustment.

From the overall market perspective, the pin bar action indicates a significant washout. The daily K-line has broken through the middle track, showing an intention to form a double top structure, but after breaking through the middle track, it quickly stopped falling and did not experience a deeper decline.

The four-hour line has shown signs of bottoming out, and after the price broke the lower track, technical indicators have shown signs of turning, but the rebound is weak. In the short term, it needs to maintain a low-level fluctuation to digest the released momentum. The upper level of 106500, as a previous strong resistance, was quickly broken through, but did not convert into a strong support effect. Therefore, in the short term, there will be a key contest around this level. Meanwhile, the area of 105500-105300 is actively traded with slightly higher buying pressure; if it breaks below this level, it will accelerate the downward trend again.

In the morning, for Bitcoin, consider going long around the current price of 106000, targeting 107500; for Ethereum, consider going long around 2650, targeting 2700. #币安HODLer空投HOME #美国加征关税 #X平台封号 #币安HODLer空投RESOLV $BTC $ETH $XRP #加密圆桌讨论