0627 Bitcoin market report 📢📢📣📣 #香港数字资产政策2.0发布# #加密市场反弹#

Bitcoin's price has entered a period of consolidation after breaking through a key resistance level, with the technical indicators showing an intensified battle between bulls and bears, while on-chain data and market sentiment indicate a coexistence of long-term support and short-term risks.
Bitcoin reached a daily high of $108,200, eventually closing around $107,000, with a trading volume shrinking by $40 billion. This trend indicates that the price failed to effectively hold above the psychological level of $108,000 after breaking through the resistance level of $106,800, forming a consolidation pattern following a "bull flag formation." If the price breaks through the high of $108,200 again, the next target points to $109,200; if there is a pullback, the short-term support level will shift down to $106,500 (daily low), and the medium-term support is $103,800 (20-day moving average). Data shows that some funds have chosen to cash out at high levels, with traditional institutions showing clear signs of profit-taking, and retail investor sentiment has dropped from "slight greed" to "neutral level."

🔊🔊 Indicator Signal: The daily level price has failed to effectively stabilize above the psychological level of 108,000 USD. The MA-CD green bars are shrinking, and the D-IF line is merging with the DEA line above the zero axis, indicating weakened bullish momentum. The 4-hour Bollinger Bands are narrowing, with the price operating below the middle band (107,200 USD). The RSI has fallen from the overbought area to the neutral range, showing a short-term trend shift to consolidation. However, it is particularly noteworthy that the weekly chart RSI top divergence risk has not been eliminated.

🔊🔊Pattern analysis and potential breakout: After the price quickly rebounded after breaking below the lower trendline of the converging triangle (103,380 USD), it failed to effectively stabilize above 108,000 USD, which may form a "false breakout" pattern, necessitating caution against a bull trap. If the price drops below 106,000 USD, it may retest the support at the lower trendline of the triangle; conversely, if it breaks above the strong line of 108,200 USD again, the short-term targets could be 109,200 USD and 110,500 USD. In the 4-hour view: After the Bollinger Bands narrowed, they opened upward, but the price has not been able to stay above the upper band of 108,550 USD and has turned to fall back below the middle band, indicating insufficient bullish strength. If it stabilizes around the lower band of 105,600 USD, it may continue to oscillate in the short term.

🔔🔔Risk Control: Bitcoin is currently in a consolidation period after breaking through a critical technical level, with short-term upward momentum weakening. It is a key stage awaiting strong confirmation of the medium-term trend. Attention can be paid to whether there are medium-term catalysts in the OTC market, such as the re-launch of the Bitcoin Strategic Reserve Plan, etc. Stay cautious, dynamically adjust strategies, and prioritize risk control.

🔑🔑Trading Suggestions: 1. Range Trading: Buy low and sell high in the range of $106,000 - $108,000, setting take profit and stop loss at 10.65 and 10.72. 2. If it breaks below $106,000 and fills the lower shadow, consider shorting near $106,800 with a target of $105,300. 3. If it stabilizes above $107,000 and breaks through the $108,000 resistance, the upward target is $108,800 - $110,000, with a stop loss below $106,000.