#成长值抽奖，赢 iPhone 16 和精美周边# #BTC行情分析# #近期新币推荐# 6-1 Sunday, Bitcoin latest market analysis

Three consecutive days of 16 new lows! The high short strategy has already gained 7000 points, and the critical decision point is approaching! The market has continuously refreshed its low points for three days (a total of 16 times), and our previously laid high short strategy has made a profit of nearly 7000 points! The current level indeed makes some traders hesitate to continue shorting. However, this moment is a critical juncture; excessive waiting may lead to missing a good opportunity, and the chance to re-enter may be a long way off.

Yesterday, the market experienced a slight rebound, rising from around 103200 to 104800, followed by a period of fluctuation. At this point, there are several key aspects to pay attention to. First, the position on the weekly chart is the first retracement after a significant bullish breakout. It's simple: it can't keep rising indefinitely, nor can it rise mindlessly. When the rise makes you question life, a major pullback will also make you doubt everything. It's important to note that the midnight surge has caused Bitcoin to touch the previous downtrend gap and resistance line, while the daily moving average indicators are still too far apart. So moving forward, we are likely to see more of a fluctuating rhythm. Currently, the lower channel has opened up, and the moving averages have not formed an upward trend; instead, the bearish momentum is confirming a downward turn, continuously supporting and probing downwards, waiting for a bearish breakthrough!

Shorting at the current price level requires courage, but if you insist on waiting for a drop below the previous low to enter, you may miss the best entry opportunity! Additionally, Yu Mo reminds everyone that for short-term positioning, it's essential to strictly set stop losses when taking long positions to catch rebounds! All trades should be managed reasonably based on your own risk tolerance and position size.

Operation Suggestions:
The radicals are looking to go long near 104300 with a target around 105500.
We are still bearish and dominate the area around 104800-105600, looking for a break below 103000 and continuing to target 98000 in the long term.