2025-06-15 23:45:16

6.16 Monday Morning Thought Analysis

At dawn today, the price of Bitcoin reached a high point near 105800 before experiencing a pullback, dipping to a low of 104399. It is currently undergoing a consolidation above the 105000 range.
On the four-hour chart, the BOLL bands are sharply converging, indicating that the range of fluctuations will further narrow in the short term. Although there has been a continuous fluctuation around 105000, neither buyers nor sellers have shown strong persistence, and technical indicators also appear to be dulling, reflecting an increasingly significant trend of short-term sideways fluctuations. On the hourly chart,
The pattern of oscillating adjustments has become more apparent, failing to establish a clear advantage in a short period, while the pressure of the upper band is increasingly prominent, and the resistance to upward movement is gradually increasing. In the short term, it is facing a choice of breakthrough direction after range convergence.
Pancake Recommendation: Range 105600-106100, target around 104000
Erbing: range of 2550-2560, target near 2500 #BTC

BTC-1,99%

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