Cloak M
Cloak M|Jun 02, 2025 14:18
Since BTC fell below the upward trend line around $109000, it means a short-term adjustment is needed. Currently, it is oscillating in the range of 102000 to $105000, and whether it can hold on depends on this week. This is crucial. If you can't hold on, the short-term market will deteriorate and the market will undergo a deep adjustment. Holding on means a new round of market is starting. This round of rapid rise has not given anyone any reaction or time to get on board. In theory, the market will continue and will not end like this. Therefore, it is highly likely to hold on around 100000 yuan. I believe that the market will continue to exist in the future and will continue to close in June.
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