Morning Thoughts on June 26

Yesterday, Bitcoin rose from around 106,000 to around 108,000 in small steps, then encountered resistance and fell back. From a technical structure perspective, the four-hour K-line chart for Bitcoin previously showed a series of rising candles in a staircase pattern, but after reaching the resistance level, it quickly retraced. After a brief rebound and oscillation to test bullish momentum, it confirmed entry into a retracement phase. This time, the price failed to refresh the high point and the retracement was rapid, reflecting a lack of follow-up strength from the bulls. The Bollinger Bands indicator shows that after briefly touching the lower band, the rebound momentum is insufficient, indicating a high probability of continuing the downward trend in the future market. Therefore, it is advisable to operate with a high leverage in the morning.

Operational Suggestions
The big pie is around 107500 to 108000, with a target of around 106000 to 105000.
The target range is around 2380 to 2350, with a fluctuation near 2430 to 2460.