Can $BTC stabilize and recover to 105,000 USD? This represents whether the recent daily downtrend can continue. I still hold a small short position with a top-hunting nature, and I'll wait for two days to see the situation. Currently, I still lean towards believing it won't recover.
Since the market entered June, I've been bearish on $BTC. Although there was a period of fluctuation in between, looking at the overall market performance in June, BTC has only slightly resisted the downturn, while ETH, SOL, and others have all declined.
Returning to the current situation, BTC has lost the support of the EMA 20-day line at $105,000 on the daily chart and is temporarily stopping the decline near the weekly support at $98,000.
Overall, the daily trend has indeed deteriorated. If BTC cannot reclaim the $105,000 daily support for a long time and breaks below the $98,000 weekly support, then the daily chart will further test the levels of $95,000 and $90,000. For now, I continue to hold a bearish view.
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