6.15 BTC has seen multiple highs and pullbacks; is this a bottom-fishing opportunity or a signal to escape?
Looking back at BTC's data, although price fluctuations have been caused by geopolitical conflicts, investor sentiment remains quite stable with no significant changes. The turnover rate is also normal; during the weekend, most investors did not panic due to these events. Support data has not changed much, with stability remaining between 93,000 USD and 98,000 USD, and BTC around 105,000 USD is still accumulating, with no apparent risk in the chip structure for now.
The current 90-minute cycle candlestick shows the price around 105,429, with indicators showing key resistance at 105,588, and the J-value has entered the extremely overbought zone. The market shows obvious selling pressure at this resistance level, and the candlestick pattern has formed a hanging man, suggesting that upward momentum may be exhausted. Meanwhile, the chip distribution indicates a significant trading concentration at 105,588, combined with the weakening divergence trend of the KDJ indicator and slowing increment of the MACD red bars, further validating the risk of a pullback. The EMA24 and EMA52 are in a bearish arrangement, suppressing the price's upward space.
Operational Suggestions:
Short BTC at 105,700-106,300, targeting around 103,000-100,000. Defense at 107,000.
Short ETH at 2,550-2,600, targeting around 2,400-2,300. Defense at 2,650.
