Yesterday during this time period, Bitcoin fluctuated around 105,000, with a maximum rebound to around 105,800 before starting to decline. After the U.S. stock market opened, it hit a low of around 104,100 and then rebounded to around 105,500 before facing pressure and falling back. From the line, we can see the resistance level near 106600 above and the support level near 103100 below. As long as these levels are not broken, it remains in a range-bound fluctuation. The hourly chart has always been above the moving average and is currently running above it. Even if there is a pullback, it is still fluctuating around the moving average. A pullback is normal, so: personally, I still have a bullish outlook and continue to hold long positions near 104900. Operation Suggestions: Bitcoin: Long between 103800-104100, defend 104800-105500, target 103300 Two pancakes: Range 2580-2600 long, defense 2630-2650, target 2560
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Market analysis on the afternoon of June 5th
Yesterday during this time period, Bitcoin fluctuated around 105,000, with a maximum rebound to around 105,800 before starting to decline. After the U.S. stock market opened, it hit a low of around 104,100 and then rebounded to around 105,500 before facing pressure and falling back.
From the line, we can see the resistance level near 106600 above and the support level near 103100 below. As long as these levels are not broken, it remains in a range-bound fluctuation. The hourly chart has always been above the moving average and is currently running above it. Even if there is a pullback, it is still fluctuating around the moving average. A pullback is normal, so: personally, I still have a bullish outlook and continue to hold long positions near 104900.
Operation Suggestions:
Bitcoin: Long between 103800-104100, defend 104800-105500, target 103300
Two pancakes: Range 2580-2600 long, defense 2630-2650, target 2560