June 9th Bitcoin Market Analysis

This week the market is focused on the China-U.S. trade negotiations (Tuesday) and U.S. CPI/PPI data (Wednesday and Thursday). If inflation data exceeds expectations, it may dampen interest rate cut expectations and affect market sentiment.

From a technical perspective, BTC is currently rebounding, targeting above 108000. After a short-term pullback, it is expected to rise again.

Bitcoin Trading Recommendations:

Intraday support level: 103000-103500 Go long

Intraday resistance level: 106500-107000 Go short

After the pullback ends, enter long, betting on a breakout above 108000.

Pay attention to the progress of trade negotiations and the volatility brought by data releases, and adjust positions flexibly.