6.4 BTC Bull-Bear Battle Begins, Set Up Long-Term Positions for Ten Thousand Points Profit!
Looking back at BTC data, today’s market feels like the weekend, with turnover even lower than Sunday, enjoying a time where Trump and the Federal Reserve are not interfering with the market, resulting in only a slight upward fluctuation in BTC prices. The same applies to the US stock market, where overall market sentiment remains relatively calm. The main force in turnover is still mainly recent loss-making investors, while earlier investors are adopting a wait-and-see attitude. In terms of support, the range of $93,000 to $98,000 remains the best support level; these investors are very calm and have a low impact on prices. The slight upward fluctuation in the US stock market is also good for BTC, as both are still highly aligned in the larger direction.
Currently, the price of Bitcoin is around 105,440, approaching the key resistance zone of 108,769-109,601, where trading volume has multiplied, indicating strong selling pressure. Chip distribution data shows that the three upper resistance levels (108,769, 108,936, 109,601) are accompanied by high trading volume ratios, indicating that main funds may be defending this range. If the price cannot break through with volume, it may retest the EMA52 support level of 105,000. From a technical perspective, the KDJ dead cross combined with the top distribution pattern further verifies the short-term pullback risk. However, EMA24 is still above EMA52, indicating a strong mid-to-long-term trend. Pay attention to whether the one-hour closing can stabilize above 105,659; if it fails, a rapid downward movement will be triggered.
Operational Suggestions:
Short BTC at 106,000-106,500, with a target near 102,000-98,000. Defensive at 107,500.
Short ETH at 2,610-2,650, with a target near 2,450-2,350. Defensive at 2,700.
