6.19 Narrow Range Fluctuation

1. BTC has recently started to fluctuate within a narrow range around 105,000, which means flattening the holding cost in preparation for the upcoming volatility. The longer the fluctuation lasts, the greater the volatility will be.

2. The probability of this fluctuation going down is high, mainly because BTC has risen for 7 consecutive weeks, and the current pullback is insufficient. The 100,000 level is seen by many bulls as strong support and a stop-loss point, and the final low point of the pullback is likely to break below this level.