🔍 TECHNICAL ANALYSIS OVERVIEW

✅ D1 Frame (Daily):

The candle on June 6 is a strong bullish engulfing candle, closing at 103,454 with an increase of nearly +1.87%, from the support area around 101,000.

$BTC is showing technical recovery signals after a decline from the peak above 112,000.

This large green candle is often a strong recovery signal when appearing after a series of bearish candles, and especially near a strong support area (which was previously a breakout area).

✅ H4 Frame:

A small W pattern (double bottom) has appeared around the 100,500–101,000 area → a sign of forming a short-term bottom.

The price has just bounced off the bottom, creating a series of consecutive green candles.

However, the near resistance is around the 103,800–104,200 area, where many small peaks were previously formed → short-term profit-taking selling pressure may emerge.

BTC is still in a medium-term adjustment trend (from the peak of 112,000) → this increase has not confirmed a reversal, it is just a technical bounce.

If strongly rejected at 104,500 → BTC may return to test the previous bottom of 100,000.