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$BTC June 21st Second Old Market Analysis
Last night’s precise prediction was fulfilled again, which is not luck but a true reflection of long-term market analysis and experience!
Last night, the second closely followed the first in a coordinated upward move, quickly surging to touch 1749.99, very close to the first target resistance level of 1750; last night, a short position was also set up in the 1750—1730 range, and those who followed the rhythm successfully caught the pullback!
After reaching the high, the market began a sustained decline. Today’s opening saw a second attempt to push higher, but it failed to break the previous high, clearly indicating that the upward momentum is gradually weakening. However, the bullish momentum has not completely disappeared, and there is no one-sided trend.
The 4-hour Bollinger Bands are opening and leveling out, establishing a range-bound pattern. Today, the main strategy is to buy high and sell low, avoiding chasing a one-sided move.
Upper resistance zone: 1750—1765
Lower support zone: 1715—1700