6.23 Bitcoin Market Analysis

Yesterday, Bitcoin dipped to around 98,000 in the early hours, then rebounded to the 100,000 mark during the morning. The one-hour moving average is about to converge on the middle track, and the 30-week moving average shows no signs of turning. The Bollinger Bands will continue to open downward after contracting, testing weekly support at 96,500. As long as support is not touched, we maintain a bearish outlook. For the four-hour level, pay attention to resistance at 101,600-102,600. In the short term, bulls have no volume left, and today, Old Zhang suggests laying out short positions around 102,000.

Trading Advice: Short in batches at 102,000-102,400

Target: 99,600-97,600-96,600

Risk Control: 102,900