Evening Analysis on June 21

Recently, the market has been significantly affected by the escalation of geopolitical tensions in the Middle East, leading to sharp fluctuations in the prices of Bitcoin and Ethereum. On Friday, the market saw a notable drop, but ultimately rebounded strongly to reclaim the $103,000 level, forming a key support level in a tug-of-war situation. The current market is at a critical decision point; if it effectively breaks below the $103,000 threshold, bears may dominate the market, driving prices further toward the psychological level of $100,000. Conversely, if this support level is confirmed as a trap for short positions, bulls are expected to regain momentum, targeting the previous high resistance level of $106,800. Given the high uncertainty of news over the weekend, investors are advised to remain cautious and wait for directional guidance after the market opens on Monday, and then formulate trading strategies based on actual trends.

Buy Bitcoin around $104,800, with a stop loss at $105,500 and a target of $102,000.