Deep Analysis and Outlook of the Monthly Trend of Da Bing and Er Bing

The monthly chart just closed yesterday undoubtedly marks an important annotation for the market trend; and today's opening officially kicks off the direction choice for this month's market. Looking back at this round of rising market, it started from the key bottom of 75,000 in April, and the bullish momentum surged like a bamboo shoot after the rain, with May setting a new historical high, showcasing the brilliance of the bull market. Entering June, the market rhythm has clearly slowed down, with the K-line showing a cross star shifting to the right, and the amplitude of the monthly bullish line being only 2,500 points. This subtle change has sparked heated discussions in the market: is the current trend a phase adjustment, or a precursor to a trend reversal?

In the market, some investors believe that the price is already at a high level, the risk of correction is increasing, and they are even convinced that a downward trend is about to begin. However, reviewing past market cycles, countless attempts to short the peak on the left side have ultimately ended in failure. As the investment adage says, "A bull market does not speak of a top, a bear market does not speak of a bottom," in a trending market, subjectively assuming a top often comes at a painful cost.

From a temporal perspective, last October, Bitcoin's price was still hovering around 60,000, and in just half a year, the increase has approached double. The continuous high-level fluctuations may have caused some investors to forget the lessons learned from past violent fluctuations leading to liquidation. Surprisingly, there are still investors holding short positions below 100,000, mistakenly believing they have accurately grasped the market pulse, yet unaware they are deeply trapped in the dilemma of the "insider's confusion."

Looking forward to this month's market, it is expected that the market will undergo a phase correction after reaching new highs. If the bullish momentum is strong, Bitcoin is expected to stabilize above 110,000; if the correction is significant, it is highly likely to find support near the 100,000 mark and complete the monthly close. Investors need to closely monitor the transition of key price levels, while seizing trend opportunities, they should also做好风险防控.