$BTC

🟠 BTC successfully climbed above the 20-day moving average (106,239 USD) on June 16, indicating that the bulls are firmly holding their ground at the 50-day moving average (104,116 USD), and this wave of defense is quite intense!

🟢 The bull's target is clear:

Now they are eyeing the 110,530 USD mark. Once they break through, the next step will head straight for the neckline of the 'head and shoulders' pattern.

Once the closing price stands above the neckline, it confirms a bullish technical pattern, targeting even higher levels, reaching 130,000 is not a dream!

🔴 The bears are not idle either:

Their approach is straightforward: defend the upper resistance and directly push the price back below the 50-day moving average.

If it really breaks down, then we may need to test the psychological support level of 100,000 USD. If that breaks, brothers, be careful, a drop to 93,000 USD is also possible.

✅ Summary in one sentence:

Standing above the neckline = Bull market pattern confirmed, soaring trend is expected to start!

Falling below the 50-day moving average = Testing 100,000 USD, bears regain control!

The critical dividing line between bulls and bears has arrived, brothers stay steady, wait for a clear price breakthrough before taking action, don't act impulsively!