Bitcoin June 23 [Market Analysis]
🔍 Market Analysis:
Bitcoin initially declined in the morning, hitting a low of $98,115 before stabilizing. Subsequently, the bulls gained strength, leading to a volatile rebound, with the current high reaching around $101,600.
From a technical perspective:
The four-hour price level experienced a rapid decline followed by a rebound;
The current price has risen above the lower Bollinger Band, alleviating short-term bearish pressure;
However, the overall structure remains within a clear downward channel, and the medium to long-term trend has not changed;
The MACD dual lines are still deep below the zero axis, and no golden cross has occurred, indicating that trend reversal signals have not yet formed.
Ethereum has followed Bitcoin's fluctuations, showing a similar overall performance, with weak rebound momentum and a bearish structure.
📉 Trading Plan:
🎯 Maintain a “Short Bias” trading approach:
The current rebound is a corrective action within the downtrend, with momentum gradually weakening;
If the rebound continues and breaks through key resistance and stabilizes, then consider adjusting the strategy accordingly;
However, until the trend changes, it is better to miss the rebound than to go against the trend!
🚨 Operation Reminder:
Pay attention to support around 98,000;
Resistance is concentrated in the 102,000-102,500 range;
It is advisable to test with light positions, waiting for confirmation signals before increasing positions, and strictly set stop-loss levels to prevent false breakouts.
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**[The above analysis and strategies are for reference only. Risks are to be borne by the reader. The article review and publication may have delays, and strategies may lack timeliness. Specific operations should follow the real-time strategies of Crypto Master.]
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