6.23: Bitcoin falls below an important trend line, waiting for an opportunity in this area

Bitcoin formed a large bearish candle in yesterday's fall, with the price completely piercing through the major trend support line of the daily MA60, disrupting the upward channel, indicating a solidification of a potential peak. Recently, the analysis has consistently instilled a bearish outlook for a downturn, precisely because the topping pattern had already shown signs above the $106,000 mark. The price lacks the momentum to continue rising and is devoid of new bullish narratives, with insufficient energy to reach new highs, leading to ongoing selling actions. Thus, the price falling below $100,000 is not surprising; it has been repeatedly mentioned in previous bearish analyses that the $94,000 area has yet to be reached.
Regarding the upcoming market trends, Xunzhang believes that a bearish trend has already been established, and the bearish actions will continue after the rebound. The current price rebound is merely a result of market bottom fishing after breaking below 100,000 USD, as well as a temporary halt in bearish selling pressure to avoid further panic that could prevent the main forces from selling at higher prices.
Considering the current situation, I hope everyone can see this fact: making short-term bottom-fishing moves should still focus on small profits, while for medium to long-term operations in the spot market, we still need to patiently wait for the bottom.
The current decline of the K-line is primarily based on the 4-hour MA60 resistance line, corresponding to the current price in the 104,500 USD range. Therefore, for the upcoming operations, the recommendation is still to focus on short positions at the resistance level. To avoid a concentration of short selling in the market, the price may rebound, eliminating short selling behavior and resulting in a short-term upward trend. It is suggested to wait for entry into short positions in the 104,000~105,000 USD range, with a stop loss at 106,500 USD and short-term profits looking at 101,500, 100,500, while mid-term targets are below 98,000.