6.2 Bitcoin Midnight Thoughts

From the current market perspective, Bitcoin has gone through some adjustments and repairs over the past few days but still hasn't changed its weak position. In the afternoon, it oscillated downward and once again approached the low point. The weekly candlestick closed with a bearish engulfing, breaking the consecutive bullish trend, and this round of correction has basically been confirmed. Looking at the four-hour level, the Bollinger Bands are contracting, and the price hit strong resistance at the upper band, failing to break through. Currently, it is oscillating and adjusting around 104500. At midnight, we continue to view the market from a high position, aiming to build a position from the upper levels.

Bitcoin: 104800-105200 position, target 103000

Ethereum: 2550-2580 position, target 2460