0629 Bitcoin market report 📢📢📣📣 #多家企业增持比特币#

The price of Bitcoin has slightly increased after a narrow fluctuation in the range of $106,500 to $107,500, just a step away from the key resistance level of $109,200. This position has repeatedly suppressed price movements since March, forming a strong resistance area. If this threshold is broken, it may trigger short covering and technical buying, pushing the price towards the historical high target of $111,900; conversely, if it retreats again, one must be wary of the risk of a deep pullback to the $100,000 cost area support. It is worth noting that: 1. The number of open contracts in the futures market has sharply decreased by 7%, and the funding rate and basis are sluggish, reflecting the market's hesitant sentiment towards the key resistance level. 2. The daily inflow of B-TC from miners to exchanges has plummeted from 23,000 coins in February to only 4,000 coins currently, indicating strong holding determination and high on-chain chip locking.

🔊🔊 Indicator Signal: The daily price has stabilized above the psychological level of 107,000 USD. The MA-CD red bars are contracting, and the D-IF line is converging with the DEA line near the zero axis, indicating weakening bearish momentum. On the 4-hour level, the Bollinger Bands are narrowing, with the price running slightly above the middle band (107,100 USD). The RSI has rebounded from the oversold area to the neutral zone, showing a short-term trend shifting to a range-bound bullish form. In terms of short-term moving averages: The secondary low absorption opportunity formed by E-MA 7 and E-MA 30 (106,500 USD) has stabilized, likely accompanied by a surge in trading volume, supporting an upward movement.

🔊🔊 Pattern Framework: After the price broke through the lower trend line of the converging triangle (103300 USD), it quickly rebounded and rose, currently stabilizing at 107000 USD, forming a "Morning Star" pattern. Caution is needed for potential bullish traps. If the price breaks through 108000 USD again, the upward trend may continue; conversely, if it pulls back and stabilizes around 105600 USD, it should maintain a sideways market.

🔔🔔Risks and Opportunities: Bitcoin is currently facing a critical resistance breakthrough test. If it breaks through $109,300 with volume, it may initiate a new round of increases; conversely, if trading volume fails to expand effectively, it may fall into a "pullback" resulting in deep consolidation.

🔒🔒Summary: The technical aspects of Bitcoin show characteristics of a "critical point game"; whether the key resistance level is broken will determine the short-term direction. On-chain data indicates a strong long-term bullish defense formation, but the hesitation in the derivatives (contract) market and macro uncertainties add variables to the market. Investors should flexibly adjust their strategies to cope with the highly volatile market.

🔑🔑Comprehensive Operation Suggestions: 1. Range Operation: Sell high and buy low within the range of $106,500-$108,000, relying on 10.65 and 10.72 to set profit and loss reference points. 2. If the price stabilizes at $107,500 and breaks through the resistance of $108,200, the target is $108,800-$110,000, with a stop loss set below $10.65. 3. If the price falls below $106,750 and there is a second recovery of the lower shadow, consider shorting near $106,800, with a target around $105,300. 4. (Aggressive Strategy) Chase long after the price stabilizes and breaks through $109,300.
(Special reminder: This article is for reference only and should not be used as an investment basis)