CoinCircle798
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0607 Bitcoin market report 📢📢📢


🔊Short-term trend:
The price quickly rebounded from the low of $100400 on June 6, forming a V-shaped reversal pattern, with a rebound of over 4%. It is currently stabilizing at the short-term support of $103000. If it breaks through the psychological level of $105000, it may further test the resistance range of $106000-7000.
🔊Momentum Indicator:
The RSI value quickly rebounded from the oversold area to 53, indicating strong rebound momentum, but it has not yet entered the overbought range, still leaving room for upward movement; other indicators like MACD/KDJ have also issued short-term bullish signals.
🔊Risk Warning:
The introduction of policies and expected sentiments will dominate the short-term price direction, such as 1. the slow approval progress of Ethereum staking ETFs; technical risks: beware of bullish traps caused by false breakouts, which may retest the support at $103,000.

🔐🔐🔐🔑🔑🔑Strategy Suggestions:
1. Pay attention to the resistance breakthrough at $105,000. If it breaks out with volume and holds, you can try going long with a light position, setting the stop loss below $103,000, with a target of $106,000-107,000.
2. If there is a pullback, a short position can be taken around 106,000 USD, with a target below at 103,000 USD, and the stop loss can be moved up to the weekly high near 107,000 USD.
3. Specific location is required, please refer to the suggested image below.
4.⏰Risk Control: Maintain positions below 40%, avoid excessive leverage!!!
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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