Crypto Circle Scholar: If Bitcoin breaks on June 19, accumulation turns to bloodsucking, latest market analysis and reference suggestions
Current price of Bitcoin is 103850, it's currently 1:30 AM Beijing time, the southward move provided an opportunity at 105500. If you haven't entered, it may not be suitable now. The pullback two days ago was around the short-term high of 108000, yesterday's high was 105500, and the resistance level keeps moving down. If you haven't entered, just wait for the next pullback above 105000. If there’s no pullback, it's advisable to sit tight and watch.
Daily K-line highest at 105550, lowest at 103800, the highest point on the daily K-line just pulled back to the EMA15 trend fast line pressure level. After breaking EMA30, the next focus will be the previous low of 103300, as the current K-line stands at the golden ratio line 0.786. If it can't break down this week, it will oscillate around 104000 for accumulation. MACD continues to shrink and accumulate, DIF and DEA are near the 0 axis line. The highest point of the daily K-line is also at the middle track of the Bollinger Bands, with attention on the lower track support at 101750.
The four-hour K-line has shown long upper shadows and lower shadows consecutively. The EMA trend indicator forms a downward alternating diffusion bearish trend. MACD continues to shrink and accumulate, with DIF and DEA showing shrinkage indicators. The lower track of the Bollinger Bands has formed a short-term box, focusing on the middle track pressure level at 105850 and lower track support at 103400. Prepare for two moves southward: one is to pull back to the upper track southward, and the other is to break the lower track and move southward. Temporarily, the larger trend is bearish, so conservative traders are advised not to move northward.
Short-term reference: Market movements are never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.
Southward trial entry point 105000 to 105400, defense at 105800, stop-loss at 500 points, target looking at 104500 to 104000, breaking down to look at 103500.
Southward trial entry point 103500 to 103200, breaking down for short, target 102500 to 102000, breaking down to look at 101500 to 101000, stop-loss at 500 points.
Northward reference point 101500 to 101000, defense at 100500, stop-loss at 500 points, target looking at 103500 to 104000, breaking down to look at 104500.
Specific operations should be based on real-time market data. For more information, feel free to consult the author. There may be delays in article publication; suggestions are for reference only, risk is self-borne.