Bitcoin (BTC) Analysis - June 6, 2024 - Hot update!

Daily Chart:

Trend: Up

Pattern: Chain of bullish candles

Price: Touching 71,900 USD

H1 chart:

Plan: Test around 70.5xx USD and bounce

Support level: 70.5xx USD (temporarily holding and holding)

Trend: Continue uptrend and Long Altcoin

Update:

BTC closed the next green candle on the Daily chart, forming a bullish candlestick chain.

H1 behaved as expected, testing around 70.5xx USD and rebounding.

The support level of 70.5xx USD is still holding.

Conclude:

Long BTC and Altcoin opportunities continue in the short term.

However, it is necessary to closely monitor the market and manage risks appropriately.

Shocking statement BTC update:

"Bitcoin is about to break out of its containment zone and head towards a new ATH! Hurry and get on board before it's late!"

Note:

This analysis is for reference only, not investment advice.

The cryptocurrency market is highly volatile, so you should do your own research and make your own investment decisions.

Don't forget to manage risks to protect your assets.

Wish you good luck and success! #StartInvestingInCrypto #binance #bnb #btc $BNB