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🚀 BTC Technical Analysis: Key Battle of Support and Resistance
Fluctuations in the market continue - the potential for a breakout in June will determine whether the bullish movement can continue in the second half of the year.
📈 Resistance Levels
1. $105,825.4
The nearest current resistance. A breakout could trigger an upward momentum.
2. $106,502.9
Today's maximum, short-term bullish target. A breakout could jeopardize psychological levels at $107,000 - $108,000.
3. $110,000
It remains a critical medium- and long-term resistance level.
📉 Support Levels
1. $103,963.3
The nearest support is shown in the deep table, forming a double底 with today's minimum of $103,666.2. A breakout could accelerate the decline to $102,000.
2. $103,666.2
Today's minimum, a critical turning point. Holding may trigger a rebound, while its loss would indicate weakness.
3. $100,000
The key psychological support level - watch for panic selling if it is reached.
🧠 Key Takeaways
• DMI indicators: +DI (22.46) slightly above -DI (23.67) showing a fight between bulls/bears
• ADX (14.14) indicates weak trend strength
This analysis, generated by artificial intelligence, is for informational purposes only and is not investment advice. Please conduct your own research and risk assessment before trading.