📉 $BTC (2025-06-19 08:35) | Long/Short Trend Index: 61 / 100 (Consolidation Repair is Slightly Bullish)

BTC has stabilized after a short-term decline, returning to the moving average system for a consolidation repair, with a technical rebound in progress. MACD and RSI are rebounding, with short-term resistance at 105,800 and 106,600, while support remains at 104,000. It is recommended to try a light long position with strict stop-loss.

🔹 Multi-Cycle K-Line Trend Judgment:

15-minute chart: After stopping the decline, it continues to rise, MACD golden cross continues to expand, bars turning red, RSI rising to 57.2, with moderate momentum release, slightly bullish in the short term.

1-hour chart: After breaking through MA25, it fluctuates upward, MACD red bars strengthen, RSI rises to 54.0, indicating increased short-term buying power, but the price is still constrained by MA99.

4-hour chart: After a high-level pullback, it stabilizes at MA99, MACD momentum bars converge, RSI at 47.5 shows initial bottom-forming patterns, but it has not yet shifted to a strong structure.

Daily chart: The continuation consolidation pattern continues, MACD bearish bars continue to shorten, RSI rises to 49.1, MA25 provides support, bulls slightly take the initiative but have not yet broken through the consolidation range.

Weekly chart: Long-term structure remains healthy, MACD maintains a bullish arrangement, RSI at 62.8, long-term pattern is stable, short-term adjustments have not disrupted the main trend.

📈 Technical Indicator Analysis:

MACD: Clear golden cross appears on 15m and 1H, 4H remains stable, daily bearish momentum is weakening, short-term repair trend is gradually established;

RSI: 15m and daily charts have all rebounded from the 4050 area, indicating that market momentum is gently warming up;

Moving Average System: Current price is between MA25 and MA99, if it stabilizes above 105,800, it will confirm the short-term trend repair;

Trading Volume: Limited increase during the day's recovery process, the sustainability of the rebound needs verification by capital follow-up.

🌐 Macro News Summary (Latest):

1. The US SEC responds that the regulatory policy for digital asset ETFs will "remain flexibly prudent", providing no further approval information (Bloomberg, June 18);

2. MicroStrategy increases holding of 11,900 BTC, **market value exceeds $8 billion, marking the largest scale of corporate accumulation recently (Official, June 18);

3. FTX liquidators confirm they will sell part of the remaining assets in batches before Q3, **total value around $2 billion, which may create short-term selling pressure expectations in the market (The Block, June 18);

4. Bitcoin options positions are biased towards the 105,000~110,000 consolidation range, **Gamma risk is concentrated on Friday's settlement (Deribit, June 18).