6.19: Bitcoin (BTC) Market Analysis Reference

Recently, Bitcoin has rebounded from a low of 103200, allowing the market, which has been experiencing continuous fluctuations, to stabilize slowly. In the past two days, the market has warmed, and prices have increased. From a technical perspective, this trend is a process of rebounding and repairing.

Since this round of Bitcoin has fallen by more than 7,000 points, the repair force in the short term is also relatively strong. Mr. Zhao reminds everyone to remember not to assume that this rebound is a signal for a bullish reversal. In fact, from the daily chart perspective, if the short-term rebound does not break through the stable level of 106500, the downward trend will still exist. Therefore, do not think that a temporary market repair means a reversal signal is emerging.

From the short-term hourly chart, the market reached a high of 105500 and faced pressure to pull back. After continuously testing downward, the price quickly rebounded. Currently, there is back-and-forth washing between bulls and bears, creating a complex pattern of competition between the two. The trend shows that bears are in an advantageous position, and we should focus on the support at the lower boundary of 103100. If it does not break below this level, the market will continue to repair and stabilize, and the short-term price is expected to test the 105500 level upwards. Conversely, if it breaks below 103100, there is a risk of the price reaching the 100,000 mark. I hope all coin friends can prepare in advance. In the short term, the resistance above is at 105500 and near 106500.

6.19 Bitcoin Short-Term Reference:

Downward test position 105100-106500, stop loss at 108300, target below 104000,

Upward test position 102100-103100, stop loss at 500, add 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 accurate your market judgment is, always set your profit-taking and stop-loss levels. You can secure profits within the range of the market fluctuations.

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