6.16 Market Analysis: Bitcoin Tests Key Resistance Zone, Bearish Pressure Still Prevails

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4 hours ago

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  BTC: In the early session, influenced by positive news, Bitcoin's daily chart formed a bullish reversal, reaching a high of 107200. This level is a key resistance area from the previous neckline, where there is some selling pressure. The minor support area is at 104000; as long as the daily chart does not effectively break below this area, it remains in a strong upward oscillation.

ETH: Over the weekend, it has been oscillating in the range of 2480-2580, and there was a rebound during the day. However, as long as it does not break through the 2670-2700 level with significant volume, the bullish trend will not show a complete reversal.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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