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6.12 Morning Market Overview: $BTC Is BTC's healthy pullback heading towards an M-top?

The major coin closes with a lower shadow and a large bearish candlestick, ending the daily 6-day uptrend; a healthy pullback is normal.

On the 4H chart, the major coin shows a MACD death cross, with a pullback of nearly 2000 points. Although the coin is pulling back, the volume has not followed, indicating a potential reduction in positions by retail investors.

On the 1H chart, the major coin has a multiple top structure, finding temporary support at 10.82. If this support fails, it will reach the strong support at 10.68, and the M-top may complete its pullback near 10.51.

Currently, the major coin is in a fluctuation range of 10.82-11.02, still waiting for a right-side pullback to 10.82 without breaking, or a pullback that breaks and then retraces to enter long positions above, with a stop at 10.77 and targets at around 10.94 and 11.02; still looking to short at 11.02, with a stop at 11.08, and targets at 10.9 and 10.82.

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