Technical analysis by CrazyInvestorTom about Symbol BTC: Sell recommendation (6/1/2025)

Technical analysis of BTC contract on June 1:Today, the large-cycle daily level closed with a small positive line yesterday, the K-line pattern continued to fall, the attached indicator was dead cross, the price was below the moving average, and the general trend was still very obvious. The rebound in the price yesterday weekend was a correction, so don’t get it wrong; the upper resistance level is in the 105,000 area, and the low point support is in the 103,000 area. This is the pressure and support of the weekend, not the expectation of next week. Many friends only look at the points and don’t look at other things. Don’t make a mistake; the short-cycle hourly chart fluctuated upward yesterday, the current K-line pattern continued to fall, the price was below the moving average, and the attached indicator was golden cross with shrinking volume, so the retracement will be seen during the day.Trading strategy:Sell at the current price of 104,600, stop loss in the 104,900 area, and target the 103,000 area;