Crypto Circle Academic: Is the June 19 Bitcoin Breaking Previous Highs Actually a Conspiracy Carefully Planned by the Main Forces? The Top Divergence May Reverse!
Current Bitcoin price is 105200, it is now 2 AM Beijing time, just after midnight on the weekend, the main forces couldn't hold back their restlessness and started making moves. This wave of stretching broke the previous high and reached the 106000 mark. At this point, even if you don't short, you shouldn't chase the high. The biggest taboo in trading is chasing up and killing down. The bulls are indeed very strong, but it is also a top fractal formation, with the possibility of a reversal at any time. It's best to remain cautious at this moment.
Looking at the order book, the daily candlestick high is 106000, the low is 103100. The candlestick stretched and broke the previous high, arriving at the top divergence high position. The EMA15 trend fast line support is about to reach 102000. The MACD top divergence has just ended the expansion and is beginning to shrink. The DIF and DEA have also formed a death cross. The candlestick has broken the previous high, indicating that the top divergence is effective, and there is a high probability that the main forces will pull up to unload. The Bollinger Bands are expanding upward, with the upper band focusing on 108400, and the middle band focusing on the 100000 integer mark. In terms of strategy, after the main forces pull high, consider testing short positions.
The four-hour candlestick is currently at a high position, the EMA trend indicator is stretching upward, the MACD is increasing in volume, and with the Bollinger Bands opening up, the candlestick has broken the upper band of 105000. After the bullish trend opens, there is a gap above. The overall gap space is not very large, so consider that the main forces might once again attack the previous high before lightly testing short positions. Before this, we can only wait for the candlestick to fall back to the first trend support point of 104000 before considering going long.
Short-term reference: The market is not 100%, so always carry a stop loss. Safety first, small losses and big profits are the goal.
For going long, test positions between 104000 to 103500, with a stop loss at 103000, a stop loss of 500 points, and a target looking at 105000 to 105500. If broken, aim for 106000.
For going short, test positions between 105700 to 106000, with a stop loss at 106500, a stop loss of 500 points, and a target looking at 105000 to 104500. If broken, aim for 104000.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. There may be delays in article publication; the advice is for reference only, and risks are self-borne. $BTC