#TradersLeague

6.16 Monday Market Overview: Bitcoin Starts to Rebound

Bitcoin opened the morning with a doji star, and whether there is a direction for bulls and bears to break out, I personally feel that the bullish structure continues to hold, and the rebound opportunity has arrived.

From the market perspective, Bitcoin's current fluctuation range is clear at a glance; it has consistently touched 10.51 to form a rebound to 10.63, then touched 10.63 and retraced back to 10.51, with the lowest point forming a brief multiple bottom at 10.43; this means that Bitcoin will either rebound at 10.51 or touch the bottom near 10.43 and then rebound, with the highs being 10.63-10.68.

On the left side, short positions can be set at 10.68, or you can wait for a right-side breakout at 10.63, then drop back to enter short positions in line with the trend, defending at 10.68, with targets at 10.51 and 10.43; conversely, wait for a pullback to 10.51 to enter long positions, replenishing at 10.43 to lower the average price, defending at 10.36, with targets at 10.63 and 10.68.

Of course, one can also trade around this rising trend line using Dow Theory, with price points being similar, choosing to enter long near support and short in front of resistance.

If friends pass by, please give a like and follow for maximum support, thank you! The above information is only for market analysis and not a trading strategy; follow me to stay on track for daily updates and point analysis, as well as the wealth codes you want. Remember to like and follow! #Metaplanet增持比特币