Wednesday Morning Thoughts for 6-25

From the four-hour chart, the price has been hovering near the upper Bollinger Band. The continuous bullish candlestick pattern shows that each bullish candle is accompanied by a long upper shadow, reflecting strong selling pressure above. After a significant rise in the previous period, a key resistance level has accumulated a large number of profit-taking positions, leading to a sharp increase in selling pressure, and the bullish momentum has noticeably slowed down. For morning operations, we will continue to maintain a short-term outlook for space consolidation, primarily focusing on low buys.

For Bitcoin trading, it is recommended to go long near 105300-104500, with a target towards the 107000-107500 area, with a stop loss set at a 600-point range. As for operations at 2410-2380, it is recommended to go long, aiming for the 2500-2550 area, with the stop loss according to personal position size; if it doesn’t break, then reverse and go short.