Evening Analysis on June 22

In the morning, Bitcoin continued to decline, reaching a low of around the support level of 100800. However, there is still resistance below; although a rebound correction occurred in the morning, the rebound strength was weak. Yesterday, our strategy to short was very successful. From the current pattern, Bitcoin's daily chart shows a trend of consecutive bearish candles in correction. Currently, Bitcoin has clearly entered a downward channel in the evening, indicating that bearish forces dominate the market. At the same time, the MACD indicator maintains a bearish arrangement, further indicating that the overall market is in a weak state, with significantly insufficient rebound momentum. Therefore, the recommendation for evening operations is to maintain a high short position!

Bitcoin is expected to fluctuate around 103200-103800, looking down to 101500-100300.

The second Bitcoin's rebound is expected around 2320-2350, looking down to 2230-2200.