6.13 Morning Analysis

Recently, Bitcoin has been very volatile. After reaching a peak of 108398, it faced strong selling pressure and quickly dipped to a low of 105672. The rebound power from the bears has been quite rapid, and it is currently fluctuating around 106000.

From the four-hour candlestick chart, the characteristics of a bottom in the market are starting to emerge. Bitcoin successfully broke through the lower Bollinger Band, and technical indicators such as MACD and KDJ are showing signs of turning. However, the current rebound strength is relatively weak, and in the short term, it is likely to maintain a low-level fluctuation pattern to fully release the bearish momentum. It is worth noting that the previous key resistance level of 106500 was briefly broken but did not effectively convert into support, which will become the focus of contention between the bulls and bears in the short term. Additionally, the 105500 - 105300 range has seen frequent exchanges, and buying pressure is slightly dominant. Once this area is broken, it may trigger a new round of accelerated declines.

Suggestions

Buy Bitcoin around 102200-102800, target: 107000-106200

For altcoin: Buy around 2460-2420, target: 2590-2640 near #BTC走势分析