6.13 Crypto Market Update: Bitcoin (BTC) Market Analysis Reference

Bitcoin experienced a daily downtrend, breaking through the Bollinger support yesterday. After opening, the downtrend continued into the evening, currently breaking the level of 106,000, with prices continuously declining. The daily chart has indicated a pullback signal; as long as the price does not break above the resistance at 106,500, the probability of further downside is expected to increase. There is a possibility of a retest of the daily EMA30 support, and it is advisable for crypto enthusiasts to prepare in advance.

On the short-term hourly chart, the trend has been consistently bearish, with the Bollinger Bands opening up and prices continuing to move lower toward the lower band. Currently, bearish sentiment is quite strong; if the price cannot break above the five-day moving average resistance at 106,500 in the short term, the downtrend is expected to continue. The intention to drop in the short term is quite evident, and the daily chart has also given a pullback signal. Focus should be on the low support area at 105,000; if this is broken, there will be significant downside potential. It's important to pay attention to the break or stabilization in this range. If broken, continue with a rebound and short strategy; conversely, if stabilization occurs, watch the consolidation range of 106,000-108,500. Currently, the trend is weak, and it is prudent to maintain a rebound and short strategy.

6.13 Bitcoin Short-term Reference:

Downward test entry point: 107,800-106,500, stop-loss at 108,800, target below 106,000,

Upward test entry point: 105,000-104,000 long, stop-loss at 500, target above 106,500,

6.13 Ethereum Short-term Reference:

Downward test entry point: 2,725-2,755, stop-loss at 2,850, target below 2,680,

Upward test entry point: 2,605-2,575, stop-loss at 30 points, target above 2,630,

There may be a delay in sending the article; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurately one perceives the market, it is essential to set take-profit and stop-loss levels for safety.