June 21, Saturday Morning Analysis:

Bitcoin is linked to the plunge of the US stock market, continuing the downward trend overnight, quickly breaking through the key support area of 103500, resulting in a breakdown. The current price has reached a local new low, and if it continues to lose the lower support level, it may open up greater downward space.

The BTC price has started a technical rebound above 103000, but still faces two key resistances at 104500 and 105800 above. If the rebound momentum is insufficient to break through this resistance zone, the downward trend structure will remain intact.

The operational suggestion is to adopt a short-selling strategy at high points. Pay close attention to the key resistances near the 4-hour mid-line at 104500 and the daily mid-line near 105800.

Considering the poor liquidity over the weekend, it has been decided not to increase positions temporarily. $BTC