June 6th Afternoon Market Analysis and Strategy
Currently, the bitcoin market has experienced a certain degree of rebound compared to the early morning session, which is a normal rebound phenomenon after a significant market movement.
From the daily chart, the price has broken through the lower Bollinger Band, and the three bands are in a parallel state, indicating that this significant pullback has not yet ended; the market just needs to consolidate and accumulate power for a period of time. From the hourly level, the Bollinger Bands show a closing trend, suggesting that the market's strength has not been eliminated yet. This afternoon, we will adopt a strategy of high entry and low exit for bitcoin trading.
Bitcoin around 103500, target at 101000
