On Friday, June 27, Bitcoin latest market analysis

In the early morning, the price comparison once again tested the 107971 line before quickly retreating, indicating that the upper resistance is quite strong, and the bearish forces are dominant. The highs are also starting to gradually decline compared to before, with the lows dropping to around 106500. The market may potentially move in a fluctuating downward posture.

From the perspective of the four-hour K-line pattern, although the Bitcoin price has shown a brief transition from negative to positive, this is highly likely to be a false bullish trap within the bearish trend. Last night, it seemed to form a long lower shadow "stop-loss" pattern after a downward probe, but in reality, it was a false bottom signal deliberately created by the main force, laying the groundwork for further suppression of the price. Analyzing from a market-wide perspective, the current fluctuation and repair of Bitcoin is by no means a sign of bottoming out and stabilizing, but rather the bearish trend is gathering momentum. The price is oscillating around the middle Bollinger Band, which is essentially a desperate struggle of the bulls under the pressure of the bears. On a technical level, although there is certain support at the 106500 line, under the macroeconomic background, the effectiveness of this support level is precarious. Once the key support level of 106500 USD is lost, there will be no strong support points below, and the Bitcoin price may start a waterfall-style decline.

Look for a target below 106000 near the Bitcoin 107200-107500 range.
Looking at the target below 2320#中心化交易所Top3的重塑时刻 #Kevin Lee入驻Gate广场 #港股币股热潮 near Ethereum 2420-2440.