6.14 Saturday Morning Bitcoin Analysis Short-term Trading
From the 4-hour chart, the price shows a low-level consolidation after a downward fluctuation. After the price surged to a high of 110530, the downward momentum dominated, with the K-line continuously closing in the red and falling sharply, reaching a low of 102664.
Subsequently, it entered a low-level oscillation, with repeated struggles in the 104000-106000 range, where the K-line alternated between red and green, reflecting that the short-term momentum is becoming stagnant. After the KDJ three lines formed a bullish crossover at a low level, it diverged upwards, indicating short-term rebound momentum;
In summary, although there has been a short-term rebound attempt, it is still influenced by the downward trend overall. The focus should be on the effectiveness of the lower support. If the price continues to break below the lower boundary, the downtrend may continue; if it can stabilize and break above the middle boundary, there may be a counterattack opportunity.
Morning Bitcoin trading in the 1063-1065 range, target 105000 range
