HodlNerd
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A technical analysis of today's Bitcoin market trend shows the following characteristics:



Technical Analysis:
The resistance area above is distributed at key price levels such as 106027, 106775, and 107077.
The support levels below are at 105359, 104240, and 101458.

Market Structure Judgment:
Breaking through the price level of 106141 will be an important signal for the market to strengthen.
Today's key observation point is the price level of 105534. Holding this position may form a new market structure.
From the 4-hour level, a bottom pattern has emerged, indicating a certain rebound potential.

Sentiment Indicator Reference:
The current reading of the fear index is 61, indicating that the market is in a state of high fear.
The trading data shows that long positions account for 63%, while short positions account for 37%.
The number of positions ratio is 0.87

In summary, whether BTC can stabilize above 105534 and break through 106141 in the short term will determine the direction of the upcoming trend, which is worth paying close attention to for investors.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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MainnetDelayedAgainvip
· 6h ago
Quietly wait for victory.
Reply0
TokenGuruvip
· 6h ago
The long and short showdown looks at technical levels.
Reply0
GasFeeThundervip
· 06-16 01:51
Let's wait a bit longer, Miner.
Reply0
GasOptimizervip
· 06-16 01:49
Data indicates that the bottom has formed.
Reply0
LiquidatedAgainvip
· 06-16 01:48
Again heard the liquidation alarm sound
Reply0
ForkMastervip
· 06-16 01:48
Long positions are still entering a position.
Reply0
ChainSherlockGirlvip
· 06-16 01:36
It's all the play of Large Investors.
Reply0
PriceOracleFairyvip
· 06-16 01:27
Market bias looks juicy here
Reply0
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