Market analysis and thinking on June 15 in the early hours
Bitcoin has experienced consecutive fluctuations for two days, with prices slowly oscillating but no clear trends forming. The slow decline today may be a behavior to attract investors, and it's important to note that blind immersion in buying or selling is not a wise action, but acting in a manner that completely contradicts the market trend is equally dangerous.
Technically, Bitcoin's price movement on the four-hour timeframe shows that it is moving from the lower Bollinger Band towards the middle band, while the price movement on the daily timeframe indicates that it is moving from the middle band downwards. These contradictions between indicators of different timeframes suggest that the market may be approaching opportunities for two-way trading.
Currently, selling is being considered near the level of 104800, targeting a zone below 103600. After that, buying can be considered at appropriate positions, focusing on the level of 106000. Caution should be exercised with this type of volatile market, and strategies should be adjusted flexibly.$BTC