In the 4-hour chart, the MA5, 10, and 30-day moving averages are in resonance and pressing down, and the MACD and KDJ indicators are diverging downwards at a low level, indicating strong bearish momentum.
Looking at the hourly chart, the market shows a volatile downward trend, with support levels in the range of 102500 - 100500.
In the short term, the market is dominated by bears, and the suggested trading strategy is to focus on short positions.
Specific operations: When the price rebounds to 105000 - 106000, short positions can be taken in batches, with the initial target at 103500 - 102500; if the bears increase and break the support, further downside targets can be set at 100500.
6.18 Afternoon Strategy: Yesterday, Bitcoin continued to decline, and this kind of trend tests one's mentality more than a sharp drop. Today's market has warmed up, and the price has risen to around 105400. 106000 is a key level, significant for judging the subsequent trend.
It is recommended to short in the range of 105500-106300, targeting 104500-103500.
In the past few days, there have been continuous reports of geopolitical conflicts. Recently, everyone should pay more attention to the developments in the Middle East situation.
Yesterday, the price of the coin fell slowly, and Xinyi clearly indicated to short at high levels, making the opportunity very clear.
Currently, the resistance level is gradually moving down, and the low point is also slowly descending, still operating within the channel;
Short from 105000 to 104300, target 103000 to 102200.
Due to external factors, the second contract is under pressure. You can consider shorting lightly after breaking below the 2550 line, targeting 2500 - 2450.