June 12 Morning Analysis

In the early morning, Bitcoin price came under pressure and moved lower, briefly falling below the 91,000 mark before rebounding quickly. However, selling pressure remains obvious above, and multiple attempts to break through the key 94,000 resistance level have failed.

On the daily chart, a bearish candlestick has formed. For key levels, focus on the 90,000-90,600 area as the main support for the day, while strong resistance is still concentrated at the 94,000 mark. Technical indicators show that while there are signs of increased volume on the daily timeframe, the price is still constrained by the zero-axis resistance; on the 4-hour chart, trading volume continues to weaken and the market remains in a consolidation pattern, with short-term corrective needs. Therefore, consider short positions on rebounds to higher levels.

Trading Recommendation
Short Bitcoin on rebounds to the 93,000-93,500 area, targeting 91,500-90,800.
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