‼️June 5 Market Analysis

#BTC Market Analysis📈📉

Yesterday, BTC fell to around 104000 and found support, maintaining a narrow range of about 1000 points with gradual convergence in market volatility, indicating that a short-term directional choice is approaching. @KaitoAI

From the point of view of the technical structure:

🔹 Daily level resistance: 106500
🔹 Four-hour level resistance: 105500

The current market is still in a correction channel. To confirm the end of the phase adjustment, it needs to close above 105500 on the four-hour chart before further testing the key resistance level of 106500 on the daily chart.

✅ Operation Advice:
• The conservative long strategy suggests waiting for stability above 106500 on the daily chart; at that time, it can be seen as a completed pullback, starting a new round of uptrend.
•If the 4-hour chart fails to effectively break through 105500, the rebound space is expected to be limited, and the downward wave is likely still not over.
🔻 Support to watch below:
•First Support Zone: 103600~103000
•Important support levels: 102000～100800
If the price retraces to the range of 100800~102000, you can consider a small position to try the layout, which is suitable for building or increasing positions in batches, and the medium-term trend is still on the side, unless the price falls below the psychological threshold of 100000, then the bullish structure needs to be re-evaluated.
⚠️ Risk Control Reminder: Strictly control your positions, adhere to stop-loss discipline, and do not blindly chase highs.

The above analysis is for reference only. Please operate cautiously in conjunction with your own strategy and risk preference.

1️⃣ $220 million liquidated across the entire network in the past 24 hours.
2️⃣ Total Contract Positions Across the Network: 145.12 Billion USD
3️⃣ Total 24-hour trading volume 198.18 billion USD