The downtrend of BTC has not changed! Only a breakthrough of 107,000 can reverse it, while breaking 103,000 will accelerate the collapse!
The big coin has been in a horizontal adjustment phase for the past couple of days. After these adjustments, a small triangle pattern has formed, and it is currently in a convergence phase. Pay attention to the direction of the breakout.
In terms of movement:
Overall, the big coin is still in a downtrend. After the adjustment pattern breaks, it still needs to break through an important position, which is the 107,000 level that Shengjie has been mentioning. Only by breaking through and stabilizing above this level can a strong upward wave possibly occur! At the same time, pay attention to the short-term support near 103,000. If this level is broken again, there is a high possibility that it will break the critical position of 100,000!
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BTC analysis: June 16, 2025 daily chart
