6.26 Crypto Circle Mr. Coin: Bitcoin (BTC) Market Analysis Reference

The intraday increase of Bitcoin has continued, breaking through the 108,000 line in the evening. In the short term, it faced resistance and retraced around 108,100, with support slowly moving up. The key focus moving forward is to observe the stabilization at the 108,000 line; if it stabilizes after breaking, one can cautiously follow with long positions. The market is expected to aim towards the 109,000 to 110,000 range, where one can appropriately seize a wave of short-term profits, keeping in mind the significant volatility and the importance of risk control.

Looking at the short-cycle hourly chart, the Bollinger Bands are opening upwards, and the middle band has moved up to around 106,800. If subsequent retracements do not break this area, it's highly likely that the intraday increase will continue. Therefore, one can consider entering long positions nearby during the retracement. The short-term trend is oscillating upwards; as long as support does not break, we can manage risk and operate with short positions accordingly.

6.26 Bitcoin Short-term Reference:

Lower test entry point 108,500-109,500, stop loss at 110,500; target below 107,500,

Upper test entry point 105,500-106,500 long, stop loss 500, defend at 104,500; target above 107,500,

There is a delay in sending this article; strategy suggestions are for reference only. The market changes rapidly; regardless of how accurate our judgment is, always ensure to manage profits and losses well. Secure your gains.