BTC ANALYSIS 06/06

* On the D1 timeframe: Yesterday's D1 candle was a strong bearish candle with large volume, clearly reflecting selling pressure during the day. However, the price reacted right at the important support zone of 100 - 102k and buying pressure appeared at the end of the session, leaving a lower wick on the candle.

- In terms of the overall structure, $BTC is still maintaining the important support area around the 100k mark; as long as this area is not decisively broken, the medium-term bullish structure remains intact. Therefore, I still lean towards the scenario that BTC will have a technical bounce back to retest the ATH area before clearly determining the next trend.

* On the H4 timeframe: BTC has broken the bearish flag pattern as per the scenario I analyzed earlier. Currently, there are some positive technical signals supporting BTC's upcoming recovery:

1. BTC is reacting positively at the confluence support area around 100k (strong support, psychological round number, and strong demand zone).

2. A false breakout signal below the old low has appeared, indicating the possibility of liquidity sweep before reversing.

3. RSI on the H4 timeframe has entered the oversold zone, showing that the downtrend is showing signs of weakening.

- > Therefore, I still lean towards the scenario that BTC will have a recovery in the near future.