June 13 Evening Analysis

Israel blah blah, pancake plummeted 📉 4000. Everyone should have seen the news about what happened this morning. The impact of the geopolitical crisis on the crypto market is indeed quite significant. To be honest, I was quite shocked when I first saw the news. Such sudden wars have only a temporary effect; everyone has experienced this before. Once everything gradually returns to calm, the market will still revert to normal technical trends. Currently, focus on the strength and weakness of the support at 103000.

Currently, based on the technical indicators, the daily level has recently shown a continuous three consecutive downward trend 📉, and overall it is presenting a weak pullback. The hourly level is oscillating in the range of 104000-105000, with signs of stabilizing after the decline 📉 in the short term, but the rebound strength is limited. Both the DIF and DEA on the hourly chart are below the zero axis, indicating a clear downward trend, but the green bars are shortening, suggesting a weakening of downward momentum; the daily level is also in the downward trend area, with no clear reversal signals yet. The hourly RSI is at 39.86, close to the edge of the oversold area, indicating there may be a demand for a rebound in the short term.
Evening suggestions
Bitcoin: around 104200-103500
Target: around 106000-107000
Er Bing: around 2500-2480.
Target: Around 2580-2650
#BountyDrop上线 Gate Wallet