Bitcoin Market Trend Analysis (June 21)

Recent Market Review:

The current trend of BTC indicates that the daily downtrend has not yet ended, and recent operations should focus on short-term strategies. The previously predicted price level of 106100 has been realized, and it can now be confirmed that 106500 is a significant selling point at the 4-hour level, which is typically accompanied by accelerated declines and increased intensity.

Before the current selling signal fully dissipates, it is advisable for investors to avoid rushing in and to maintain patience and observe. The key support range to pay close attention to is 101400-100400. If 100400 cannot be held, the daily adjustment may likely extend to the 93000-96000 range.

After yesterday's sharp decline, the rebound that has occurred within the 30-minute timeframe is merely an internal correction within the 4-hour downward structure. It is worth noting that after this round of adjustment is completed, the market is expected to welcome the final wave of a major bull market.

Investors should closely monitor the breakout or support situation of key price levels, manage risks properly, and wait for clearer entry signals to appear.