6.23 Monday Morning Analysis of Bitcoin First Up Then Down
Bitcoin was under pressure at the 102700 level over the weekend and subsequently fluctuated downwards, reaching a low near 98200 where it found support, then rebounding to oscillate around the 101000 mark.
From the current daily candlestick structure, the bearish volume of Bitcoin has shown consecutive bearish candles. Attention should be paid to resistance around 101800, 103200, and 104800 above, and support around 98000 and 94800 below. From the four-hour structure, Bitcoin's upward momentum is decreasing, and the Bollinger Bands are still trending downward. From the one-hour structure, Bitcoin's upward momentum has reached the middle band under pressure, with attention to resistance around 102100 above, while in the short term, Bitcoin's bullish momentum is decreasing and moving upwards.
In the morning, it is advisable to go up first and then down. The market fluctuations are significant, so pay attention to risk control and defense; profits can be secured within the range.
Bitcoin is in the 1002-1004 range for an upward move, targeting the 1017 range.
Remember to maintain good defense!
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