BTC
Today is June 6th BTC
It's important to watch this video,
At this moment, we have reached a 1-hour resistance of 103600.
For upward resistance, pay close attention to this 12-hour level, around 105000, which is the location of yesterday evening's bearish candlestick body.
If it can pull back to 105000, it is highly likely that the overall decline will be completed.
First logic, if it can stabilize after pulling back to 105000, it is highly likely to be a bottoming out.
The market will continue to rise.
Second logic, if it starts to sharply reverse around 105000, the extreme position may break down to 100000, adjusting to the 2-day line, around 97000, but it may not necessarily reach that level, so there's no need to focus on that for now.
If 105000 cannot stabilize and starts to pull back, pay close attention to the 1-hour chart for a bottoming structure, which can also be understood as a double dip. If a bottoming structure appears on the 1-hour chart, it can also complete the overall decline.
