2025.6.16.

Pancake:
After last week's close at around 105500, there has been no clear direction!
Although half of this month has passed and the first half of the year is also nearing its end, the entire first half of 2025 (which includes the first two quarters) has only shown a "V" shaped reversal on the screen, and to the left of this reversal is the main upward wave of the second half of 2024!
In that case, the period from 2025 to today is just a fluctuation at a high level!
Now this fluctuation has reached a critical moment in terms of both time and price!
The market has two reactions to the current situation: one is to form a top structure at this position (around 110000) and enter a high-level range oscillation or directly enter a deep adjustment state!
Second, the majority of market sentiment hopes that this is not a fluctuating adjustment, but a strong breakout, breaking the shape and starting a main upward trend!

Additionally, I would like to add a note,
Since January 2023, the price has risen from around 16,000+ and has been increasing for two and a half years. Compared to the previous bull market in 2021, this wave of market has reached a critical 618 line! 110,000 will become a key position of interest for capital and institutions!
Cooperation in the international economic field is gradually drifting apart amidst the escalating contradictions!
The expectation of interest rate cuts has been postponed! The pressure of inflation and the impact of war on the global landscape are intensifying! Therefore, in a volatile market, capital should mostly seek high safety and relatively stable returns, while the crypto market is currently experiencing relatively poor liquidity!
Therefore, we need to maintain a high level of attention to market conditions and take partial profit-taking and position reduction actions for targets that have already made a profit!

Let's take a look at the specifics of short-term trading. Since the market failed to continue its decline on Sunday and surprisingly stabilized above 104500, the operations for this week are expected to be a consolidation adjustment, with a breakout and rebound upwards! (Pay attention to the range between 104500 and 110000!)
The intraday ultra-short range is fluctuating narrowly between 104500 and 106500. If it can break upwards in line with the trend, just hold the position!
Finally, I would like to remind all traders that in such a volatile and adjusting market, after determining your trading cycle and trading plan, please ensure to set your stop-loss and take-profit! Operate according to the rules, and I wish you successful trading!

Thank you for your attention, and I will continue to share!