$BTC 6.18 Bitcoin price today: Bitcoin has pulled back to the position of 104,000 this time, overall, this is a relatively good opportunity to Build a Position. We have mentioned before that the entire rise starting from 74,457 still aims to see above 130,000, and we have clarified the intermediate oscillation structure, which is a triangular consolidation structure.

Currently in the e-wave stage of this triangular structure, from a structural perspective, I personally tend to think that last night's decline has completed the e-wave, which means that the current 104,000 is likely the low point of this e-wave. The key point we need to watch is the position at 106,200. This position is the central point of the triangular consolidation, and as long as the price can rebound today and break through the 106,200 line, it will basically confirm that the e-wave has ended and a new round of rise has officially begun.

In summary, the e-wave should have completed its spike last night, confirmed upon the market rising to 106200. Today is a good opportunity to position for a mid to long-term trend. After opening the position, patiently wait for the market structure to validate. In case of an unexpected situation, if it falls below 102500, then directly switch to a short position targeting support 2: around 95000.