June 20 Bitcoin Market Analysis

Currently, Bitcoin is fluctuating between 103,000 and 106,000

🔸 For short positions, the price breaks below 103,000 and confirms (4h chart closes bearish)

Target 101,500, 100,300

Stop loss near 103,900

🔸 For short-term long positions, the price breaks above 104,300 and holds (1h chart confirmation)

Target 105,600, 106,500

Stop loss near 103,000

🔸 Short-term resistance at 106,500, multiple failures to break through, 4h selling pressure concentrated

🔸 Short-term support at 103,000 USD, near the MA50 moving average on the 4h chart, buying activity is relatively active

🔸 Investment requires caution #btc