On June 22, Bitcoin (BTC) and Ethereum (ETH) market analysis [The expected retracement point from a month and a half ago has finally arrived], including strategy order reference.

June 21 Review (Technical Analysis Jump to the Section Below):

Yesterday, the external script's big pancake sell perfectly concluded, taking 2300 points of space. Congratulations to everyone! The second pancake had a slight decrease, but there was still a 23-point space at 100%. Cheers~

1. Technical Analysis

【Flatbread】

Today we will take a look at the weekly situation of Bitcoin. Back in late May, we established a sell trend awareness at 111800, which can be traced back to the article I published around May 20th. Since that wave reached a phase peak and broke the trend line at the end of the month, Bitcoin has entered a major sell trend, and we are aware of this. I have pointed out the 101000 level no less than three times, and it has retraced to this level three times in total. We can consider this as a strong and weak line on the weekly trend of Bitcoin, with 108000 as a conversion line above. Viewing Bitcoin this way will make things much clearer.

We need to pay attention to the position of 98000 below, as the depth of data indicates that there will be a large amount of liquidity intervention here. From the perspective of price indicators, this corresponds to the position of 32.8, which is also the upper boundary of the previous consolidation fair zone. Therefore, we can temporarily regard this as the lifeline of Bitcoin, with a broken position extending the weekly battle line.

On the daily chart, we see that Bitcoin has already broken below the upper consolidation triangle yesterday, and the overall daily trend has also shifted to a sell trend. The 101000-10000 range is also a pullback zone I provided earlier. Since this range hasn't been breached, Bitcoin will experience fluctuations: first, it may rebound to test 104000, then move down to explore deeper areas. Just remember the following key levels.

2. Trend Order

(The following is just a simple trend analysis for reference only. The specific data can only be analyzed when it is reached. If you are interested, perhaps you can follow me.)

Yesterday's external script made a profit, but it will not be released today.

3. Market News

4. U.S. President Trump stated in a telephone interview that significant results were achieved that night, demanding Iran to immediately achieve peace and stop the war, or face further attacks.

5. French Member of the European Parliament Sarah Knafo invited Jan3 founder Samson Mow to France to discuss establishing a "strategic Bitcoin reserve" for France and promoting a friendly regulatory plan. Mow is also looking forward to driving a wave of "national-level Bitcoin adoption" in France and throughout Europe.

Behind this matter is actually a trend of increasing participation of France in the Bitcoin sector. For example, the French state-owned bank Bpifrance announced an investment of $27 million to support local crypto projects. Additionally, Blockchain Group, the first Bitcoin treasury company in Europe, has also increased its Bitcoin holdings to 1,471 coins.