Crypto Scholar: 6.12 Bitcoin "High-Level Probe" Fraud Exposed! The main force may "retreat to advance" at any time. Latest market analysis reference
Current Bitcoin price is 109700, it's currently 1:30 AM Beijing time. The daily line shows a hanging man, commonly known as a hammer line. Whether it is a false breakdown or a real vacuum, 110,000 can be tested with light positions to the south. In the short term, no major retracement is expected, but a small pullback is definite; the range is only a few thousand points, which is sufficient for short-term trading. As for stop-loss, it must be done correctly; do not hold onto positions. If the market continues to go bullish, stop-loss must still be executed. The safest approach is to wait for a pullback to around 107000 to test positions northward and observe the order book.
Daily K-line high of 110400, low of 109000, EMA15 trend fast line support has arrived at 106800, which can serve as a short-term standing point. For a larger standing point, watch 104000. After the MACD's volume contraction ends, a strong golden cross forms above the 0-axis with DIF and DEA starting to increase. The upper Bollinger band is at 111400. Currently, the daily K-line has been consolidating below the upper band for three days. Historical highs encounter strong resistance, and the long and short sides are once again in a stalemate. Focus on the critical support at 106700.
The four-hour K-line is consolidating around the 110,000 mark, testing back and forth. The EMA trend indicator's fast and slow lines have widened their distance. The MACD's volume ends, forming a top divergence, and the DIF and DEA have formed a dead cross at high levels. The trend remains bullish, while shorts are blocked at 109000. Pay attention to the upper Bollinger band at 111600, and the middle band at 108400. According to the current trend, there is a high probability that the main force will raise prices for distribution. At such a high position, it is not suitable for retail investors to go long anymore. The best approach is to wait for a pullback before going long or open a short position at the high-pressure level.
Short-term reference: The market is not 100% certain, so always manage your stop-loss. Safety first; small losses with large profits are the goal.
Northern test position points are 107500 to 107000, with a defense at 106500, stop-loss at 500 points, and target at 108500 to 109000, breaking at 109500.
Southern reference points are 110000 to 110500, with a defense at 111500, stop-loss at 500 points, and target at 109000 to 108000, breaking at 107000.
Specific operations are primarily based on real-time order book data. For more information, please consult the author. The article may have delays in publication; suggestions are for reference only, and risks are borne by oneself. $BTC