$BTC June 21 Market Analysis


Reviewing last night's price surge to 639, successfully holding above the key level of 636, according to the bullish trend, the second target level of 645 has sufficient conditions to be reached, and the market subsequently surged to 643, directly confirming that the bullish momentum has not exhausted.

After the opening today, the market has been consolidating in the 639 range for a long time. From the 4-hour Bollinger Bands pattern, the channel opening continues to narrow, and the overall market maintains a range-bound consolidation pattern; currently, it is stable above the middle band of the Bollinger Bands, indicating that the bullish foundation still exists. However, the space is limited, and it is still viewed with a high sell and low buy approach.

Upper resistance zone: 645—655
Lower support zone: 630—620
BTC0.76%
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