0624 Bitcoin market report 📢📢📣📣

Bitcoin prices rebounded strongly after the impact of geopolitical news, and the short-term market showed an over-falling rebound and the intensification of the long-short power game: the easing of the situation in the Middle East and the promotion of the "Bitcoin strategic policy" triggered the return of institutional funds, and the on-chain data showed that the whale address increased its holdings by more than 32,000 in a single day near $98,800, and the net inflow of BlackRock I-BIT reached $410 million in a single day, a new high since the ET-F was listed. Bitcoin hit a low of $99,600 during the day, then rebounded quickly and broke through the $105,000 mark, this trend forms a "head and shoulders bottom" pattern of the right shoulder structure, if it stands firm at $105,000, the next target will point to $109,100, but it is necessary to be wary of the short-term resistance formed by the intraday high of $106,000, if it cannot be effectively broken, it may step back on the support of $103,000.

🔊🔊 Indicator signal: The short-term RSI rises to 65.2, indicating strong bullish momentum, nearing the overbought area; the MA-CD forms a bullish crossover above the zero line, and the histogram continues to expand, suggesting enhanced upward momentum. If the volume continues to increase, it may confirm a trend reversal; the daily St-och has risen from the oversold area to 78.5, and short-term caution is needed against the risk of a pullback after reaching a high. However, combined with the MA-CD golden cross, a pullback may present a buying opportunity.

🔊🔊Key patterns and support/resistance: The 4-hour chart shows that the price has broken through the downward trend line, forming a "bullish engulfing" pattern, and the closing price has stabilized at $105,000 (psychological level). If it continues to rise, it may open a new round of bullish momentum. Short-term support: 104,500, 103,000. Short-term resistance: 106,000, 107,640 (Fibonacci 38.2% retracement level).

🔔🔔Summary and Outlook: Bitcoin is currently in a volatile period following a key technical breakthrough, with short-term upward momentum strengthening. However, the medium-term trend still needs to observe the breakout direction of the $103,000 support and $107,000 resistance. A breakout above the $107,000 resistance will confirm a trend reversal. Strategies should be adjusted in a timely manner based on technical analysis and on-chain data dynamics, with a priority on managing risks.

🔑🔑 Operation suggestions: 1. In the short term, you can sell high and buy low in the range of 103,000-6,000 US dollars, and set take profit based on 10.4 and 10.58; 2. If the price stands at $105,000 and breaks through $106,000, the target is $10.7-$108,000, and the stop loss is $103,000;
(The above is for reference only and should not be used as investment advice)