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

Bitcoin tested the resistance level of 106500 multiple times in the afternoon but failed to break through. In the evening to early morning, the market reversed and experienced a strong pullback, quickly breaking below the double support level of 103500. The range breakout has begun to decline, and it has now fallen below the previous low. If it breaks down again, there is a risk of further downward testing in the future market.

Currently, the coin price has slightly rebounded and is operating above 103000. Short-term resistance levels to watch are the 4-hour central axis at 104500 and the daily central axis resistance at 105800. If the rebound cannot break through, the oscillating downward trend will remain unchanged. In terms of operations, it is recommended to mainly focus on short positions during the rebound.

6.21 Short-term Bitcoin Reference:

Lower testing entry point 105800-104500, stop loss at 107300, take profit: 500, target below 104000,

Upper testing entry point 101500-102500 long, stop loss 500, defense at 100500, target above 103300,

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 accuracy is, always set take profit and stop loss to secure gains.