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6.29 Morning Market Overview: Is BTC Going to Change Tonight?
Bitcoin continues to form a doji, with a back-and-forth battle between bulls and bears due to insufficient liquidity.
Bitcoin has not broken through the resistance at 10.82, nor has it fallen below the support at 10.63, and has been oscillating within the range with little volatility; it is estimated that there will be a change in the market tonight, either a breakout or a breakdown. From the contract data, short positions are very strong.
The trading strategy remains unchanged: if you have a position, continue to hold; if you don't have a position, wait for Bitcoin to retest 10.63 without breaking it or a false breakdown to enter long positions, with a stop loss at 10.59 and targets at 10.75 and 10.82; once the right side has a large bearish candle breaking below 10.63, enter short positions with a stop loss at 10.68 and targets at 10.51 and 10.36.
The Bitcoin spot ETF has seen continuous net inflows every day this week, indicating a relatively stable market; MicroStrategy continues to hold but is also facing internal shareholder pressure and rumors.
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