6.1🈳 Strong Phase of the Market with Continued Extension!

Bitcoin's evening trend showed a slight rebound, rising from around 103200 to 104800, followed by a correction through fluctuations.

In the overall market layout, after experiencing a downward testing phase, the support level has shown a solid support structure in the short term. The upper and lower bands of the four-hour chart are gradually tending towards a parallel trend, indicating a certain potential for a rebound in the short term; however, this rebound is still constrained by significant resistance at the middle band.

At the hourly level, the momentum indicator has been gaining strength, but the recent trend has closed in the negative with long upper shadows, indicating a weakening of momentum. However, a decrease in momentum does not directly equate to a price drop; one must discard the traditional notion that weakening momentum means falling prices. The market is more likely to present a slow upward trend to test the upper resistance levels. Whether it can break through the previous high will determine the bullish or bearish trend in the short term. If it breaks through the previous high point in the short term, the bullish and bearish strategies need to be adjusted accordingly.

Bitcoin recommendation: 105000-105500🈳 Target 103000 If broken look for 96000.

To grasp profit, only one week is needed. If it is difficult to judge the market trend or if short-term trading operations are not smooth, please pay attention to professional guidance for hands-on teaching support. #加密市场回调 #币安Alpha上新 #美国加征关税 #FTX赔付 #交易类型入门 $BTC $ETH $XRP