2025.6.17.BTC.ETH. Daily Market Analysis
The price of Bitcoin has started to decline after reaching around 109000, falling back more than three thousand points and then rebounding, indicating that this rebound strength is not yet finished. Pay attention to the support level of 1067000 on the four-hour timeframe. As long as this position does not fall, the market will continue to rebound and rise. Buy positions can be considered around this support, specifically at 106000. The rebound resistance target is 109000.110000. Buy positions can be reduced or exited in this resistance area, and sell positions can continue to be attempted in this resistance area. Manage positions well; if during the day, the four-hour closing falls below 106700, the buy position can be canceled, indicating that this rebound has ended. The market will still continue to seek the next low point, support targets at 104500.103700.102600.
Currently, the small level is rebounding, focus on the position 2590 during the day, whether it can stabilize on the four-hour timeframe. As long as the four-hour closing does not fall below this position again, the market will continue to rebound slightly, resistance targets are 2622.2680. Sell positions can continue to be monitored around 2680, with a limit at 2700. Manage positions well; if the four-hour closing falls below 2590 again, this indicates that this small rebound has ended, and the market will continue to seek the second low point, support targets below 2487.2435.2380.
