Evening analysis on June 13

In the afternoon, the pancake fluctuated between 104700 and 103700, and this area has formed a strong support zone for the 4-hour cycle. From a multi-dimensional technical analysis perspective, the daily line at 103900 and the 4-hour Bollinger lower band at 103750 form a dynamic support combination, providing a solid bottom. It is worth noting that the trading volume in Shichang suburban area has significantly increased to 1.2 times the average of the past three days, indicating that the capital is actively accumulating at low levels, and the power of buyers and sellers is shifting towards the buyers.

If Bitcoin effectively breaks through the key resistance level of 105400, combined with the bullish signals formed by multiple time frame indicators, it can confirm that it has completed a solid bottom in the 103700-104700 range and has entered the "steady upward phase after accumulation". Subsequent operations can rely on the support level of 104700 to buy on dips, but one must be cautious of the market volatility risks brought about by changes in the Middle East situation.

Suggestion

Big cake: hovering around 104100-103500, target level: first target level 105300, second target level 106000

Two cakes: around 2490-2460, target: first target 2550, second target 2600
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