2025-06-02 04:03:59

6.2 midday thought analysis:

Yesterday, Bitcoin retraced to around 103750 and then rebounded, but subsequently the price rose to around 105800 and faced resistance again, suggesting that both bulls and bears are starting to entrench. However, the current phase is weak. From a technical perspective, after the previous unilateral rise, the daily chart has welcomed a short-term decline, with the overall trend weakening and the rebound strength relatively small. At this stage, chasing after price increases should be avoided. Looking at the 4-hour chart, it is in a volatile downward trend, and during this weak phase, rebounds should be shorted!
Big Pie: Range 105900-106200, target
104800-104900, defend 106400
Two cakes: Range 2530-2500, target 2490-2410#BTC

BTC-3,25%

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