6.16 Crypto Mr. Coin: Bitcoin (BTC) Market Analysis Reference

The intraday market for Bitcoin continues the consolidation from yesterday, with afternoon prices testing upward resistance around the 106100 level, currently pulling back to around 105600, with multiple short-term attempts to break through the upper key resistance failing. The market remains within the oscillation range mentioned in the morning.

From the four-hour chart, the mid-band resistance is slowly moving down, and the high has approached the resistance area, but it has not broken upward. MACD: The 4-hour and daily charts are still below the zero axis, but a bottom divergence has appeared on the 4-hour chart, and the red bars are shortening. A golden cross has formed on the 1-hour chart, and the 1-hour RSI (14) has strongly risen from 40 to 57, close to the overbought area but not yet at the top; the daily RSI is oscillating around the 50 mid-axis. EMA: The price has broken through the 4-hour EMA7 (105409) but is blocked by the 30-day moving average (105981); the 1-hour EMA120 (106002) forms strong pressure, and a long lower shadow hammer appears on the 4-hour level, indicating a short-term rebound signal, but the strength is not large. Overall, the short-term market is still trapped in a tug-of-war between bulls and bears, showing a weak oscillation in the range. If the rebound cannot effectively break through and stabilize above 106500, there is a risk that the coin price may continue to decline. It is recommended not to blindly chase after the bull before a breakout. In terms of operations, it is advised to short on rebounds and long at low positions, with short-term trading possible between support and resistance levels.

6.16 Bitcoin Short-term Reference:

Downward test entry point 107800-106500, stop loss at 108800, target below 106000 with a stop loss of 500.

Upward test entry point 102500-103500 long, stop loss at 500, defend at 100500, target above 104500.

There may be delays in sending the article, and the strategy suggestions are for reference only. The market changes rapidly; no matter how high one's confidence in market judgment is, profit-taking and stop-loss must be managed well, securing gains safely #BTC #BTC走势分析 #MichaelSaylor暗示增持BTC #ETH