6.16 Monday Morning Bitcoin Operation Ideas
The road to success is not crowded because there are not many who can persist until the end. When you want to give up, please tell yourself to hold on a little longer, because often this little bit of persistence brings you one step closer to your dreams.
A new week, a new beginning. Over the weekend, Bitcoin oscillated back and forth in the 104000-106000 area. Most people find it hard to clearly interpret the next market trend. The fact that both rounds of corrections did not break below the 100k mark indicates the strong support below. The previous breakout of Bitcoin was quite abrupt, and these two rounds of corrections are a preparation for a healthy rise ahead, so this bullish tail end market has not yet ended. The current long-term trend remains bullish.
From the four-hour structure, a short-term wide oscillation trend has formed. Both long and short momentum trends are relatively calm. The Bollinger Bands are also moving along the middle track quite smoothly. Short-term strategies can be arranged based on the original oscillation range of 104000-106000. From the weekly chart, we can see that the current bearish volume has gradually flattened, and the opening of the Bollinger Bands is already inclined upwards. The MACD bearish energy bars are also getting smaller, indicating that the bulls are gathering momentum for a counterattack. Today's daytime trading should follow a strategy of going long at low positions.
Trading Suggestions
Buy Bitcoin at 104400-104800, target 105500
