6.18 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin rebounded after retracing to around 103300 yesterday. As of the time of writing, the price has rebounded by over a thousand points and is currently operating around the 104500 level, but has not broken through the short-term resistance at 105000. The market is hindered and has entered a consolidation pattern. In the short term, it continues to oscillate within a narrow range, with prices fluctuating around the 14500 level. So far, the price fluctuation range is only about 700 points, and the oscillation pattern has not broken through.

Looking at the short-term chart, the trend is operating below the middle track area, with prices maintaining consolidation in the short term. However, the lower track gap has been opened, and daily support is slowly moving downwards. If the price can break through the 105500 resistance later, there is a possibility of further downward retracement. I hope everyone is prepared for this. Support below is focused on the 103000 and 101500 levels, while above we are looking at the stability of the breakthrough at 105500. The operation still suggests taking short positions on rebounds.

6.18 Bitcoin Short-term Reference:

Lower test entry point 104800-105500, defense at 110300, stop-loss: 500 target below 107000,

Upper test entry point 102000-103000, stop-loss 500, defense at 100500, target above 104300,

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, regardless of how high the judgment and grasp of the market are, always manage your take-profit and stop-loss, securing profits is paramount.