6.15 Cryptocurrency Circle Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Today's overall news is relatively flat, with no key points of focus. Bitcoin has risen to around 106,000, facing resistance. The subsequent pullback is not strong, with prices rebounding near 104,200, and the trend is starting to enter a consolidation phase. Short-term trading volume is sluggish, with prices fluctuating around 105,000. Currently, prices are running near 150,300, with both bulls and bears in a stalemate. It is expected that the consolidation trend will continue for some time.

From the short-term 4-hour chart, the Bollinger Bands are narrowing, with the middle band slowly moving down. If there is no effective breakthrough of the middle band resistance area, there is a possibility that prices may pull back to the day's low support. Therefore, before breaking the position, it is not advisable for everyone to blindly chase the rise; a steady operation of short selling high and buying low is recommended. The upper resistance is at the 106,500 area, while the lower support is around 103,500. The operation can focus on the range of short selling high and buying low.

6.15 Bitcoin Short-term Reference:

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

Upper test entry point 102,500-103,500 for long, stop loss 500, defense at 100,500, target above 104,500,

There is a delay in sending the article, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the judgment of the market is, it is crucial to manage profit-taking and stop-loss properly, ensuring a safe withdrawal.