6.17 Crypto Market Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday market has pulled back and is currently attacking again, with the price once again approaching the 109,000 level. The short-term trend shows a fluctuating upward movement, and it is once again close to the previous resistance area. Short-term bullish sentiment is gradually warming up, but we must be cautious of a breakout upward in the future. If the price stabilizes above the 109,000 level today, the market is expected to further rise and test the 110,000 level, recovering all recent losses. Conversely, it will continue to pull back to the support below, and I hope all coin friends are prepared in advance.

Looking at the short-term hourly chart, the Bollinger Bands are opening upwards. The momentum has slowed down after multiple tests of yesterday's resistance area, which could not break through again. Therefore, although the short-term market is on an upward wave, it has not broken through, and it is not recommended to blindly chase aggressive operations. It is prudent to wait for a pullback to test support before re-entering. Focus on the positions around 105,000 and 103,000. If there is a pullback today, consider entering long positions; focus on the stability of 109,000 above.

6.17 Bitcoin Short-term Reference:

Lower test entry point 107,800-108,500, stop loss 110,300, loss limit: 500 target below 107,000,

Upper test entry point 105,500-104,500 long, stop loss 500, defend 102,500, target above 106,500,

The article is sent with a delay, strategy suggestions are for reference only, the market changes rapidly, regardless of how confident one is in market judgment, always carry out profit-taking and stop-loss measures, securing the profit #BTC #币安HODLer空投SPK #BTC走势分析 #ETH