June 22nd, Sunday Early Morning Latest Analysis
Last night, the Israel-Palestine conflict stirred things up again. Whenever there is movement in the Middle East, BTC tends to drop. The current trend is showing a continuous decline, and it is crucial to see if the 100,800 position can hold:
• If it breaks down, it may continue to plunge, so don't rush to catch the bottom.
• If it holds, there may still be opportunities to enter low for a rebound.
From the 4-hour chart, the price has already dropped to the lower Bollinger Band, but the Bollinger Band is still opening downwards, indicating that the bears are not done yet and there may be further dips. Focus on the psychological level of 100,000 dollars.
• If it doesn't break, it could be a good rebound opportunity, suitable for long-term positioning.
• If it breaks, then don't rush to catch the falling knife, wait for stabilization first.
BTC: 102000-102500 support, looking up towards 104000-105000 range
