Jingyi Zhou Summary and Midnight Analysis

This week, Bitcoin experienced significant fluctuations, and the competition was intense. At the beginning of the week, it continued its upward trend, reaching 110,653, but after encountering resistance, it fell into high-level fluctuations. Despite favorable CPI data, the 110,000 mark could not be broken. Due to unexpected news, the price once dropped to 102,614, then rebounded, fluctuating narrowly around 105,000 over the weekend. We timely grasped the market conditions, and the trading results were remarkable.

From a technical structure perspective, the daily line closed with a doji star candlestick, with a long upper shadow, indicating strong resistance at 110,000 and increased risk of a pullback. Given that the interest rate cut policy will not be implemented until July, it is expected that next week will see the clearing of leveraged positions. If the key resistance level is not broken, a pullback to 100,000 may occur. The previous five consecutive bullish candles were engulfed by a large bearish candle, indicating dominance by sellers; the Bollinger Bands are flat, touching the middle band and then retreating, showing weakness in buying pressure. Trading volume was light over the weekend, and increased volatility is expected next week.

On the 4-hour chart, the price rose and then fell back, with long upper shadow candlesticks frequently appearing at high levels, indicating heavy selling pressure and weakening buying pressure. After breaking key support, it entered a period of fluctuation, with candlesticks repeatedly crossing each other, showing temporary balance. Currently, it is fluctuating around 105,000, the upward trend has been broken, and short-term fluctuations are expected. If resistance cannot be broken, it may continue to test support; if it breaks through, a rebound is possible, and attention should be paid to the breakout direction based on news.

Operational Suggestions

BTC Range: 106,000-106,500, Target: 103,000

ETH Range: 2,570-2,590, Target: 2,420

Strategies are for reference only; trading should be cautious. Wishing all fans smooth sailing.