Latest Market Analysis on June 12
Using daily candlestick as the cycle, currently a long-term horizontal trend around 60,000 to 70,000.
Year 24: Small Bull Market
Year 25: Large Bull Market
Year 26: Bear Market
BTC June 12: Slight horizontal rise. Today, from 20:00 to 04:00 on the 12th, there will be significant fluctuations. It is best not to hold positions. High probability of a sharp drop.
12H 70705↓ / 8H 70008 / 6H 69291 / 4H 68971 / 2H 68474 / H 68138 / 67788 /
M 39530↑ / W 51665 / 3D 57590 / D 64698 //
ETH June 12: Slight horizontal rise. Today, from 20:00 to 04:00 on the 12th, there will be significant fluctuations. It is best not to hold positions. High probability of a sharp drop.
12H 3763↓ / 8H 3704↓ / 6H 3673↓ / 4H 3644 / 2H 3604 / H 3581 / 3547 /
M 1741 / W 2637 / 3D 2964 / D 3413 //
BTC
BTC's 1-hour price trend: Horizontal.
The following image is a 1-hour Binance BTC/USDT candlestick chart, with the latest price: 67385.0 USDT, including EMA, MACD, KDJ, and trading volume indicators.
【Buy and Sell Levels】
Buy Point 1: 67000 USDT (recently rebounded multiple times at this price level, can be considered as support) Buy Point 2: 66000 USDT (the long lower shadow low point at 23:00 on June 11, strong support) Long Stop Loss Point: 65500 USDT (below buy point 2, providing enough space to avoid triggering on small fluctuations) Sell Point 1: 69000 USDT (recent price has been blocked multiple times in this area, as a preliminary resistance) Sell Point 2: 70000 USDT (psychological barrier and close to the highest price of 70222.7 USDT, stronger resistance) Short Stop Loss Point: 70500 USDT (above sell point 2, leaving a buffer to avoid accidental triggering)
【Price Trend Analysis】
Candlestick Pattern:
Recent candlesticks show significant price fluctuations, with multiple long lower shadows, such as the candlestick at 23:00 on June 11, indicating buying interest at lower levels. Continuous small real-body bearish candlesticks appear from 01:00 to 07:00 on June 12, with the closing price gradually approaching the opening price, which may indicate a weakening of selling pressure in the short term.
Technical Indicators:
In the MACD indicator, both DIF and DEA are negative, but the MACD histogram has shifted from negative to positive, indicating a potential rebound trend in the short term. The KDJ indicator J value has exceeded 100 in the latest data, which is typically considered an overbought area, so caution about pullback risk is needed. The 7-period EMA is above the 30-period EMA in the latest data, showing an upward trend in the short term.
Trading Volume:
The trading volume peaked at 23:00 on June 11 and has been gradually decreasing, which aligns with the price retreating from the high point.
