6.15 Bitcoin Midday Market Analysis
In the early hours, a low position long strategy was laid out, entering Bitcoin at 104000. Bitcoin surged to around 106000, gaining some space. Currently, Bitcoin is oscillating in a narrow range between 104700 and 106200. The 4-hour Bollinger Bands are contracting, indicating that a short-term directional choice is imminent. The MACD is consolidating below the zero line; if a golden cross forms, it may trigger a rebound;
The RSI shows a neutral to weak bias, indicating a potential technical correction demand in the short term. It is recommended to enter positions during the day.
Bitcoin: Enter positions near 106500, target 104500
Strictly manage stop losses
