6.17 Market Insight BTC
The market will not rise due to your anxiety, nor will it fall due to your despair. True winners never cling to predicting the market, but instead focus on how to respond to market changes.
Impact of Sudden Events
In the early hours, BTC fell in response to comments from Chuan*. Whether it's short-term fluctuations or long-term trends, vigilance is necessary to guard against a deterioration in market sentiment that could trigger panic selling.
Historical Experience Review
In 2020, the crypto market experienced two significant shocks, with BTC once dropping to a low of 3620. Five years later, although the price has surpassed 100,000, the principle of "high places are cold" still reminds us: during periods of significant news, we must remain alert to market reversal signals and reasonably plan our exit timing.
The primary support area below is in the range of 105,000-106,000.
The short-term resistance level above to focus on is the 108,000 mark.
Looking down at the 102,000 support area.