Evening Analysis on June 13
Israel blah blah, Bitcoin 📉4000 What happened this morning, everyone should have seen the news. The geopolitical crisis has indeed had a significant impact on the cryptocurrency market. To be honest, I was quite shocked when I first saw the news. Such sudden wars usually have a temporary effect; we have all experienced this before. Once everything gradually returns to calm, the market will still revert to normal technical trends. In the current situation, we should focus on the strength and weakness of the support at 103000.
Currently, from the perspective of technical indicators, the daily level has recently formed a three consecutive bearish candlestick pattern, and the overall trend is showing a weak pullback. The hourly level is oscillating in the range of 104000-105000, with signs of stabilization but limited rebound strength. Both the DIF and DEA on the hourly chart are below the zero axis, showing an obvious downward trend, but the green bars are shortening, indicating that the downward momentum is weakening; the daily level is also in a downward trend area, and there is no clear reversal signal yet. The hourly RSI is at 39.86, close to the edge of the oversold area, suggesting that there may be a rebound demand in the short term;
Evening Suggestions
Bitcoin: Around 104200-103500
Target: Around 106000-107000
Altcoin: Around 2500-2480
Target: Around 2580-2650
