6.27 Friday Afternoon Analysis and Suggestions
Bitcoin is experiencing repeated fluctuations, with a weak short-term trend. In the 4-hour chart, the Bollinger Bands are narrowing, currently still supported by the upper band, showing further downward signs.
The upward momentum is showing a stepwise weakening, and this series still indicates an overall bearish market trend.
Target for Bitcoin is 107500-108000, with a goal around 106000.
