1. Hourly trend: The current hourly chart shows a continuous weak oscillation pattern. The support level at 104800 has been tested multiple times, but the rebound strength is weak, indicating that the upward momentum at this position is insufficient to form an effective rebound 🛳️ situation. 2. Daily Trend: On the daily level, there have been consecutive bearish candles with long upper shadows, indicating strong resistance at the high position, followed by a pullback adjustment. The strength of the bears is dominant at the daily level, and the overall trend is in a pullback adjustment phase. Suggestion Bitcoin: Ranging around 105000-105500, stop loss at 106000. Targeting 104000-103500. Two cakes: around 2530-2570, target looking towards 2460-2420
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6.14 Early Morning Analysis
1. Hourly trend: The current hourly chart shows a continuous weak oscillation pattern. The support level at 104800 has been tested multiple times, but the rebound strength is weak, indicating that the upward momentum at this position is insufficient to form an effective rebound 🛳️ situation.
2. Daily Trend: On the daily level, there have been consecutive bearish candles with long upper shadows, indicating strong resistance at the high position, followed by a pullback adjustment. The strength of the bears is dominant at the daily level, and the overall trend is in a pullback adjustment phase.
Suggestion
Bitcoin: Ranging around 105000-105500, stop loss at 106000. Targeting 104000-103500.
Two cakes: around 2530-2570, target looking towards 2460-2420