6.14 BTC Strategy
Currently at a relatively low position within an overall oscillating downward trend. Recently, the market has balanced between bullish and bearish forces, and the rebound strength is limited.
The current price shows signs of oscillation and consolidation, with short-term bulls possibly attempting a counterattack, but facing strong resistance at 108568.7.
Considering the recent shooting star and belt-hold lines, this indicates that there is still instability in the market, and it may even retest the support level of 100305.1.
The current doji pattern indicates that the trend may reverse, but further confirmation signals are needed. The next key step is to observe whether the market can break through key resistance or support levels with increased volume within the current range, to confirm the direction of the new trend.
Analysis
The candlestick pattern on June 13 at 20:00 shows a bullish three soldiers indicating short-term rebound signals. On June 14 at 08:00, the shooting star and top reversal pattern suggest short-term pressure; the current doji indicates the trend may reverse or continue.
Market Trend: Overall oscillating downward, with a weak rebound from the mid-May high of 111959.5 to the June low of 100305.1.
Direction
Long: 102614 is close to the previous low point, forming a support area, and there are signs of a rebound near the June 13 low.
Stop Loss: Below 100305, breaking the previous key low, indicates that the market may continue its downward trend.
Short: 108568 is close to the previous important resistance area, where strong selling pressure and pullback risks may occur.
Stop Loss: Above 111959, breaking the previous high, indicates that the market trend has turned strong upward.