6.22 Morning BTC Strategy: The daily chart continues to experience a pullback, continue short!
Market Judgment: In the past few hours, the price has continued to fluctuate and decline, with small rebounds during the downward process, overall presenting a low-level correction pattern. The daily chart shows that since the sharp drop on June 20, there have been multiple attempts to break through recently, but it still maintains a downward pressure.
Key Level Breakdown
Resistance: 103500 (short-term rebound pressure point, overlapping with the current hourly EMA30 (around 103114)), plus the suppression from the previous swing high in the consolidation area)
Support: 101500 (close to the morning low on June 22, with buy support at the integer level, and also near the potential support level of EMA120 ))
Operation instructions
🔻 Short Selling Strategy: Short at 103500-104500 Target: 101500-100000, if it breaks, continue to look down.
Personal advice, for reference only! Strict stop loss! Strict stop loss!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6.22 Morning BTC Strategy: The daily chart continues to experience a pullback, continue short!
Market Judgment: In the past few hours, the price has continued to fluctuate and decline, with small rebounds during the downward process, overall presenting a low-level correction pattern.
The daily chart shows that since the sharp drop on June 20, there have been multiple attempts to break through recently, but it still maintains a downward pressure.
Key Level Breakdown
Resistance: 103500 (short-term rebound pressure point, overlapping with the current hourly EMA30 (around 103114)), plus the suppression from the previous swing high in the consolidation area)
Support: 101500 (close to the morning low on June 22, with buy support at the integer level, and also near the potential support level of EMA120 ))
Operation instructions
🔻 Short Selling Strategy:
Short at 103500-104500
Target: 101500-100000, if it breaks, continue to look down.
Personal advice, for reference only!
Strict stop loss! Strict stop loss!