Crypto Circle Red Sister 6.29: Today's Bitcoin (BTC) Latest Market Analysis and Trading Suggestions! #香港加密概念股 #下一任美联储主席人选 #BTC #BTC走势分析 #BTC☀ $BTC

Bitcoin's current price is nearly 107300, the 4h chart shows the market overall in a range-bound trend, with candlesticks approaching the key resistance zone of 108000-108600 for several days. At this level near the pressure of the 17th, the market faces some directional choice. Overall, the short-term market is experiencing intense bulls vs. bears competition, with the possibility of a reversal or adjustment. In the short term, indicators such as moving averages and MACD suggest that short-term bullish momentum is weakening, and prices may consolidate horizontally in the current range or slightly retrace to the lower support level near 106700. Meanwhile, the KDJ indicator is at a high level, indicating accumulated adjustment risks. Furthermore, if the MACD continues to form a death cross divergence, prices may further test the lower Bollinger Band range. From a medium to long-term perspective, the middle track of the Bollinger Band is still slowly rising, and the medium to long-term trend is likely to maintain a fluctuating upward pattern. However, a breakthrough above the key resistance level of 108600 requires sufficient bullish momentum support. The RSI indicator reflects that market sentiment is still neutral and has not entered an extreme state, leaving room for further upward movement. The overall trend needs to be assessed in conjunction with candlestick patterns, Bollinger Bands, MACD, and RSI signals. The current market is in a consolidation phase, making it difficult to quickly break through resistance levels in the short term, potentially fluctuating between support and resistance levels. The specific direction after a breakout needs to await continuous signal confirmation. Red Sister suggests that when approaching the resistance zone of 108000-108500, consider gradually taking profits on long positions and patiently observe the subsequent direction;

If prices fall back to the support level near 106700, consider trying a light position for short-term low buys; for medium to long-term investors, it is recommended to maintain a wait-and-see attitude at the current position, and not to chase high; waiting for prices to break through the resistance level of 108600 and confirm with a retest before considering adding to positions, otherwise it is advisable to buy low and sell high within the range. If prices break below the key support level of 106500-106100, high positions can continue to be held as there may be larger adjustments below 105000;

Sell Point: ≥107900 Short, Stop Loss 108700; Take Profit 106700; breaking below 106500-106100 can continue to hold.

Buy Point: ≤105000 Long, Stop Loss 104300; Take Profit 106700-107800-108500; breaking above 108600-109000 can hold.