6.17 Big Pie Strategy
The big pie has temporarily broken through a key resistance level and may continue to test the 110,000 level.
The bearish OB pressure zone on the 4-hour chart has been touched 4 times, suggesting an increased likelihood of a breakout next time.
Influential macro factors:
1. The tensions in the Middle East are putting pressure on risk assets, but the big pie's attribute as a safe-haven asset allows it to rebound amid uncertainty.
2. Trump's proposal for cryptocurrency strategic reserves has temporarily boosted BTC prices, but was followed by a 'pump and dump' effect.
3. A weakening dollar may be favorable for Bitcoin prices.
Direction
The big pie is currently in a rebound phase and may continue to test the 110,000 resistance level in the short term. Pay attention to geopolitical and macroeconomic changes. The technical outlook shows bullish signals.