2025.6.17 Bitcoin ($BTC) Market Analysis and Trading Ideas
1. Market Analysis
Bitcoin surged to 108900 in the morning before quickly dropping to around 106068, then stabilizing near 106500. From a 4-hour perspective, the market is operating between the middle and upper bands of the Bollinger Bands, and the expansion trend of the Bollinger Bands is still quite evident, indicating that there will still be considerable volatility in the market, which is currently just in a consolidation phase. Pay close attention to the 106500 level; if it cannot be effectively broken, the price will continue to rise. If it breaks below, the market will initiate a correction downward.
2. Trading Ideas
If the 106500 level cannot be broken, consider going long, targeting around 108500. The market is quite volatile, so strict adherence to profit-taking and stop-loss strategies is necessary.
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