📊 Bitcoin Trend Analysis on June 13

(X: @BTCqingfeng; YouTube: Bitcoin Qingfeng Brother) All content is for communication and sharing purposes only and should not be considered as any investment or financial advice🩵

Let's start with the daily chart:

Currently, the potential M top structure on the BTC daily chart is very obvious.

Although the EMA5 and EMA21 have not yet crossed downward, they have clearly turned downwards, indicating a very strong bearish trend.

Yesterday's daily candlestick officially closed below the EMA21, which means the medium-term trend is weakening.

The RSI has dropped to around 46, and if it falls further, it will completely lose momentum.

⚠ If the price continues to drop below 101300, this M top structure will officially be established, and the technical target may look down to 97000!

📊 【4-Hour Level Analysis】

The EMA system has crossed downward, confirming a bearish trend.

The previous M neckline has been breached, accompanied by a large bearish candle, indicating very strong bearish momentum.

The RSI is currently at 27, and although it has entered a technically oversold condition, any rebound may be short-lived, as the trend still leans bearish.

🧠 Personally, I believe this is not a trap for shorts, but a genuine breakdown! The bulls have collapsed.#比特币走势分析 #以色列伊朗冲突