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

The intraday market for Bitcoin continues to maintain wide fluctuations, with prices under pressure around the 108250 line and currently fluctuating back and forth within the range. The lows are approaching the 106500 position, and the market is under strong pressure with a significant pullback. The current low point is also close to the intraday starting point. If it breaks down again, there is a risk of further price testing.

On the short-term hourly chart, the Bollinger Bands are in a contracting position, giving a short-term pullback signal. The short-term price is under pressure and continuously declining, but there are no obvious breakout signs, so the strategy remains to sell high and buy low. The short-term market is still in a pullback rhythm, and if there is no rebound and stabilization above 107500 during the day, the price is expected to further test downward. Therefore, it is not recommended to blindly chase long positions. Pay attention to resistance above at 107500, with key resistance at 108500, and support below at the 105800 line. In terms of operations, you can grasp the range for selling high and buying low.

6.27 Bitcoin Short-Term Reference:

Lower testing position 107600-108500, stop-loss 110000, stop-loss: 500 target below 106800,

Upper testing position 105500-106500 long, stop-loss 500, defense 104500, target above 107500,

The chapter sends with delays, and the strategy suggestions are for reference only. The market is changing rapidly, and no matter how high your judgment on the market is, always ensure your take profit and stop-loss are in place for safety.