6.1🈳 Headstrong Phase, still has the flavor of continuing extension!

The BTC price showed a slight rebound in the evening, rising from around 103200 to 104800, followed by a fluctuation that led to a correction.

In the overall market layout, after experiencing a downward bottoming phase, the support levels show a solid support pattern in the short term. The upper and lower bands of the four-hour chart are gradually tending towards a parallel trend, indicating a certain rebound potential in the short term. However, this rebound is still constrained by significant resistance at the mid-band.

On the hourly chart, the Dodo indicator has shown continuous strength, but recently the trend has closed with a bearish candle accompanied by a long upper shadow, indicating a weakening of Dodo momentum. However, a decline in momentum does not directly equate to a price drop; we must discard the traditional mindset that a weakening momentum means falling prices. The market is more likely to exhibit a slow upward trend to test the resistance above. Whether it can break through the previous highs will determine the short-term bullish or bearish trend. If there is a short-term breakout above the previous high, the long and short strategies need to be adjusted accordingly.

Pancake recommendation: 105000-105500🈳 Target 103000 If it breaks, look at 96000

Seize profits in just one week. If it is difficult to judge market trends and short-term trading operations are not smooth, please pay attention to professional guidance for hands-on teaching support. #BTC #ETH