From the daily level, BTC shows a pattern of increased volume decline and decreased volume rebound, with limited rebound height. The MACD death cross indicates a trend of continued pullback. The current rebound may be a trap to attract more buyers, and it is recommended to short during the rebound. In the short term, BTC is unlikely to break through 110,000; the pullback is not yet complete, and it is expected to oscillate downwards repeatedly. The upper resistance level is around 109,000, and the lower support level is around 100,000.
At the four-hour level, the MACD golden cross indicates a short-term rebound demand, but the volume is insufficient, limiting the rebound space. It is recommended to short near 106,500, with a stop loss at 107,500 and a take profit near 103,000.
The three-day line pattern shows a MACD death cross, indicating a mid-term trend leaning towards a pullback, suggesting to short during the rebound.
The market cycle pattern is "Spring growth, Summer decline, Autumn rise, Winter storage." It is expected that from June to August will be a stage of oscillating decline and consolidation, and the opportunity to bottom out in spot trading may occur during this period. Investment in the cryptocurrency market is full of uncertainties and challenges, but it also contains opportunities. Investors need to fully understand the risks, remain rational, and adopt a prudent strategy to respond to market fluctuations.
