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June 16 Bit (BTC) Analysis
1. Technical Analysis
The weekly line has just closed, the shape is good, as mentioned last Friday, currently the small resistance level is 106,500 USD, the medium resistance level is 109,300 USD, and the heavy resistance level is 112,000 USD. Before effectively breaking through and stabilizing at 112,000 USD, the "double top pattern" turning into a "triple top pattern" is still valid. The small support level is 104,400 USD, the medium support level is 101,500 USD, and the important support level is 96,000 USD.
2. Macroeconomic
Recently, the situation in Blue Star has been unstable, with the conflict between Israel and Palestine escalating. This is likely to benefit precious metals such as gold and oil in the short term, while negatively impacting "virtual" finance (stocks, foreign exchange, Bit, etc.). In the long term, Bit and Ethereum will not be affected, as major global institutions (BlackRock, MicroStrategy, Fidelity, etc.) continue to purchase. I believe their vision cannot be wrong.
3. Trading Strategies and Risks
①. Short-term players: Make sure to buy on dips, sell on highs, set stop-loss on breakouts, and after a volume breakout of the "triple top pattern", chase it again on the pullback.
②. Medium to long-term players: Recently, the market has mainly been consolidating in a high range (from $101,500 to $112,000). It is recommended to adopt a conservative trading approach using short-term strategies.
(Note: The above analysis does not constitute investment advice. The market is ever-changing and requires dynamic adjustment of strategies based on real-time data.) $ #Gate BTC链上质押收益百分之三# #Alpha 积分节12期开启# #BountyDrop上线 Gate Wallet# #以色列伊朗冲突 # Michael Saylor hints at increasing BTC holdings.
#BTC#