6.19 Crypto Circle Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin has recently pulled back to the 103200 line and has rebounded, allowing the market, which has experienced continuous fluctuations, to stabilize slowly. In the past two days, the market has warmed up and prices have risen. From a technical perspective, this trend is a rebound and repair process. Since the overall decline of Bitcoin has exceeded nearly 7,000 points, the repair strength in a short time is also relatively strong. Mr. Coin reminds everyone to be careful not to mistake this rebound as a signal for a bullish reversal; this is not the case. From the daily chart perspective, if the short-term rebound does not break and stabilize above the 106500 line, the downtrend will still exist. Therefore, do not assume that the repair and adjustment of the market at this moment signifies the emergence of a reversal signal.

On the short-term hourly chart, the market has surged to the 105500 position and is under pressure to adjust. After continuously testing lower prices, it has quickly rebounded. Currently, there is a back-and-forth wash between bulls and bears, presenting us with a complex pattern of market dynamics. The trend shows that bears have the advantage, and key attention should be paid to the support at the lower bound of 103100. If this level does not break, the market is expected to continue its repair and adjustment, with short-term prices likely to test the 105500 line upwards. Conversely, if it subsequently breaks below the 103100 line, there is a risk that prices may reach the 100,000 threshold. I hope all coin friends are prepared in advance. In the short term, the upper resistance is focused on 105500 and near 106500.

6.19 Bitcoin Short-term Reference:

Lower test entry point 105100-106500, stop loss at 108300, take profit: below 104000,

Upper test entry point 102100-103100 long, stop loss 500, defense at 100500, target above 104300,

The article may have a delay in sending, and the strategy suggestions are for reference only. The market changes rapidly, regardless of how confident you are in market judgment, be sure to manage your take-profit and stop-loss, securing profits is crucial #BTC #ETH🔥🔥🔥🔥🔥🔥 #BTC走势分析