Bitcoin June 13th Planned Guide
Strong resistance at the 110,000 level, market pulls back as expected
In the evening, the price of the coin pulled back to around 106,500. After taking profits on our short positions, it rebounded near 108,500 and then fell again; fortunately, we successfully captured a wave of retracement at the 108,000 level! Our current short position has gained over 5,000 points.
The bearish sentiment on the daily chart is very severe, the middle band of the daily Bollinger Bands has not been held, and the current market trend shows an adjustment pattern.
The previous support area of 105,000 has already been broken; support has turned into resistance. The trend is weak, and we will maintain a prudent approach to shorting during rebounds.
Reference plan: Short in batches near 105,000-105,800, target 114,000-113,500
Long positions are not considered for now, or signals of a stop-loss will be provided in the evening.
Strong resistance at the 110,000 level, market pulls back as expected
In the evening, the price of the coin pulled back to around 106,500. After taking profits on our short positions, it rebounded near 108,500 and then fell again; fortunately, we successfully captured a wave of retracement at the 108,000 level! Our current short position has gained over 5,000 points.
The bearish sentiment on the daily chart is very severe, the middle band of the daily Bollinger Bands has not been held, and the current market trend shows an adjustment pattern.
The previous support area of 105,000 has already been broken; support has turned into resistance. The trend is weak, and we will maintain a prudent approach to shorting during rebounds.
Reference plan: Short in batches near 105,000-105,800, target 114,000-113,500
Long positions are not considered for now, or signals of a stop-loss will be provided in the evening.
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BTC
105,687.14
+1.01%
