0606 Bitcoin market report:

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1: Support and Resistance🔔
1. Short-term support is at $100,400, and a break below it could fall to around $97,000 (200-day moving average and Fibonacci retracement).
2. The key resistance above is around $103,500 (transformed from support on June 3) and $105,000 (50-day moving average). A breakthrough of this resistance requires an accompanying increase in volume.

Two: Technical Indicators🔔
1. The short-term moving average (50EMA)) forms a death cross with the long-term moving average (200-day SMA), and the price continues to be under pressure below the moving averages, indicating that the bears dominate the current situation.
2. The KDJ indicator is stagnant in the oversold zone, with the J value dropping to 42.72, but no bottom divergence has formed, indicating limited rebound momentum.
3. The trading volume has shrunk by about 28% compared to the previous few days, indicating a strong wait-and-see attitude among speculators, with a lack of active and sustained buying.

Three: Strategy Recommendations🔔
1. You can try going long with a light position in the range of $100,000 to $101,000, setting a stop loss below $99,500; if the price rebounds to around $103,500, consider taking profit or going short, moving the stop loss up above $104,500, and then gradually adjusting the stop loss down.