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Market Trend Analysis: $BTC (June 16, 2026)
I won't be overly confident about whether the market is bullish or bearish because I always believe that trading is about choosing the trend and following the trend‼️
Here's the direct conclusion:
Mid to long-term, the tech sector still looks bearish, but in the short term, if the price does not break below the current supply and demand zone, we can consider short-term short positions. I'll give you two strategies directly.
Long position strategy: Near 65,500, you can take short-term long positions, with a take-profit around 67,000, and stop-loss if it falls below 65,500.
Short position strategy: If it breaks below 65,300, you can chase the short, with a target of 63,400. Pull back to the supply and demand zone to stop-loss.
I don't speculate on how the market will move, but I will help everyone prepare for every possible trading scenario to ensure that no matter what happens, there will be gains.