June 15th Bitcoin Auntie's Morning Thoughts

In the past two days, bullish sentiment has fully returned, with continuous capital inflow and a clear heating up of the market. Bitcoin is strongly advancing, approaching the 98,000 level. In the early morning, the bulls launched another push, with the price briefly reaching around 97,900. Subsequently, a technical pullback occurred, and it is now oscillating at a high level around 97,000, with a strong trend clearly visible.

From a technical perspective, Bitcoin has completed a bottoming rebound, and the short-term bullish pattern has been fully established. On the 4-hour chart, the candlesticks are strongly advancing along the upper band of the Bollinger Bands, with pullbacks only showing small bearish candles, and each dip is quickly bought back by the bulls. The Bollinger Bands are clearly opening upward, the moving averages are arranged in a standard bullish order, and the volume and structure are expanding in sync, indicating that the short-term trend remains strong.

However, it is important to note that the current price is approaching the previous high and psychological resistance zone, and signs of high-level stagnation are beginning to appear. The risk of blindly chasing longs is significantly increased. Following the trend does not mean acting recklessly; a strong market also requires rhythm. Waiting for a pullback or emotional release at high levels, then stabilizing and following the trend to add positions, is the most stable and aggressive way to profit in a strong market. Chasing the high will only give money to the market.

Personal Suggestions
Bitcoin: Short at 96,800-97,500, target down to 95,000, if broken, look at 93,500
Auntie: Short at 3,350-3,370, target down to 3,250, if broken, look at 3,170