Market Analysis and Thoughts Early Morning on June 15
Bitcoin has been demonstrating strong fluctuations for two consecutive days, with the price oscillating slowly but without forming clear trends. The slow decline observed today may be a maneuver to attract investors. It is important to note that blindly entering into buys or sells is not a wise decision, but actions against the market trend can be equally risky.
From a technical perspective, the price movement of Bitcoin on the four-hour chart shows an increase from the lower Bollinger band to the middle band, while on the daily chart the price is moving down from the middle band. These divergences between indicators on different timeframes suggest that the market may provide trading opportunities in both directions.
Currently, sales are being considered near the level of 104,800 with a target below 103,600. Further, purchases can be considered at corresponding levels, with particular attention to the mark of 106,000. Such a volatile market requires a cautious approach and flexible adaptation of strategies.
