6.24 Tuesday Morning Analysis

Last night, Bitcoin dipped to a low of around 98,000 points before starting a rebound. In the early hours of the morning, a long position was taken near 100,000, which then directly gained over 2,000 points.

After taking profit, I went straight to sleep. Who would have thought that upon waking up, it shot up to around 106,000 points? The rise has been so fierce. Were those who were bearish in the early hours caught off guard?

I was thinking it would consolidate and adjust a bit before slowly rising again; this movement is a bit too fast.

From the 1-hour K-line of Bitcoin, the price is running along the upper Bollinger Band, but fortunately, it has started to pull back now. This hour's K-line is basically forming a doji star. The morning's directional analysis leans towards a pullback.

Morning Operation Suggestions

Short Bitcoin between 105,500 and 106,000, targeting around 102,000. If it doesn't break, consider reversing to go long. If it breaks, continue looking downward.