6.2 Morning Bitcoin Strategy Analysis

It is expected that the 103,000 level will play a crucial support role in June. Once it effectively breaks below this point, the market will likely test the 100,000 mark and accelerate downward below it. For the time being, the probability of the market staying above 100,000 in June is still relatively high. In the short term, it is anticipated that the market will adjust within the range of 103,000 to 106,000.

In the four-hour MACD indicator analysis, it is observed that the indicator continues to release bearish signals below the zero line, and the Bollinger Bands are gradually widening. These signs indicate that bearish strength is increasing. Current market sentiment is cautious, with a large amount of capital on the sidelines. On-chain data analysis reveals that the supply of mainstream assets is continuously increasing, indicating that potential selling pressure is steadily accumulating.

Bitcoin recommendation: 106000-106500🈳 Target 101800

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