Evening Analysis on June 13
In the afternoon, Bitcoin fluctuated between 104700-103700, which has formed a strong support zone on the 4-hour chart. From a multi-dimensional technical analysis perspective, the daily support level at 103900 combined with the 4-hour Bollinger lower band at 103750 creates a dynamic support combination, providing a solid bottom. It is noteworthy that the trading volume in the suburban market has significantly increased to 1.2 times the average of the past three days, indicating that the capital is actively accumulating at lower levels, with the buying and selling forces tilting towards the buyers.
If Bitcoin effectively breaks through the key resistance level of 105400, combined with the resonance signals formed by multiple time frame indicators, it can be confirmed that it has completed an effective bottom formation in the 103700-104700 range and entered a "steady upward phase after a consolidation breakout." Subsequent operations can rely on the support level of 104700 to buy on dips, but one must be cautious of the fluctuations in the market caused by changes in the Middle East situation.
Suggestions
Bitcoin: Buy near 104100-103500, target: first target 105300, second target 106000
Second Bitcoin: Buy near 2490-2460, target: first target 2550, second target 2600
