June 16 Morning Operation Analysis

On the 4-hour chart, Bitcoin is currently fluctuating around 1052 with narrow movements, and the last 6 candlesticks have been oscillating between 105K and 105.5K. The bulls and bears are locked in a stalemate, having tested the 105 support level three times without breaking it. It’s just a matter of who will make the first move to break the deadlock! The bearish pressure points are firmly defending the two lines at 1055 and 1062, while the bullish support levels are at 1049 and 1042, with the critical bottom at 104-1042 being verified multiple times.

Long Position: Enter when stabilizing above 106, can buy at 1056-1058, initially targeting 1062 and 107. If it drops below 105, cut losses!

Short Position: If it breaks below 1049, can short at 1048-105, targeting 1042 and 1035. If it rebounds above 105, set a stop loss at 105.300!

In a fluctuating market, don't chase blindly; wait for an effective breakout before taking action, and always maintain a stop loss! The overall trend is still upward, and any pullback could be an opportunity to enter.