Early Morning Commentary on 6.23:
After a two-day weekend break, back on track. During the weekend, the market fell into chaos, with a waterfall washout, and both whale and ETF purchases halved, leading to weakness in the market.
Currently, Bitcoin is once again in a repair phase, with a rebound that looks relatively optimistic. The daily chart shows a pin bar forcefully pulling back into the Bollinger Bands range, with a long lower shadow, and the sentiment remains strong. It is operating near the middle band on the hourly chart. The Bollinger Bands have widened, and KDJ has formed a golden cross upwards. Coupled with the tense situation in the Middle East, it cannot withstand any fluctuations. Personally, I believe:
Bitcoin rebound: around 101100-101900
Molybdenum mark: around 100100-99300
Altcoin rebound: around 2250-2280
Molybdenum mark: around 2200-2170
The so-called bottomless abyss, going down is also a journey of a thousand miles.