6.3 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday price touched the 1,035,000 line and rebounded. The current price has returned to around 1,058,000, with the market rebounding into a high-level consolidation range. However, the overall downtrend has not dissipated. If it cannot sustain a rebound and break above the 1,063,000 level, it is expected that the price will retract below the support range, with low positions looking around 1,030,000.

From the hourly chart, the Bollinger Bands are contracting, and the market is operating in the middle-upper band area, with upward momentum starting to weaken. Recently, in the 4-hour timeframe, a long lower shadow tested the bottom at 1,036,59 before quickly rebounding, indicating strong support near 1,035,000. The daily chart has recorded three consecutive days of positive candles, breaking through the 105,000 integer level, forming a short-term upward channel. MACD: In the 4-hour timeframe, the DIF crosses above the DEA, forming a golden cross. The daily MACD histogram shrinks and then expands again. The 4-hour RSI (14) has risen from 40 to 51, while the daily RSI (54) remains above the middle band. The price is stabilizing above EMA7 (104,841), and EMA7/30/120 is in a short-term bullish arrangement. Although the short-term situation is gradually improving, the key level above the range has not yet been broken. Only after that can we expect a small upward pull. Therefore, during the consolidation phase of bulls and bears, the market is temporarily unclear. It is advised that everyone waits for a breakout or pullback before re-entering. Recently, Bitcoin has shown considerable volatility in its intraday price, and Mr. Coin initially suggests that crypto friends manage risks reasonably, maintaining stop-loss and take-profit levels. The operation should still focus on light positions in high short and low long.

6.3 Bitcoin Short-term Reference:

Light short position at 1,058,000-1,070,000, with a stop-loss at 1,088,000. Take-profit: 500, target below 1,040,000.

Long position at 1,035,000-1,025,000, with a stop-loss at 500, defend at 1,015,000. Target above 1,045,000.

6.3 Ethereum Short-term Reference:

Short position: 2,635-2,585, defend at 2,750. Stop-loss: 50, target below 2,500.

Long position: 2,400-2,450, stop-loss at 30 points, target above 2,530.

The article has a delay in sending; strategy suggestions are for reference only. The market is ever-changing. Regardless of how confident you are in market judgment, always maintain stop-loss and take-profit levels. Secure your profits.