6.19 Morning Bitcoin Strategy Analysis

The bearish strategy provided yesterday has been validated by the market movement, with each analysis clearly laid out, avoiding any fluff. Is it accurate? You tell me!

In the early hours, the Federal Reserve announced its interest rate decision, which did not cause much turbulence in the market. After the announcement, the Bitcoin price temporarily fell to 103,600 but quickly rebounded and is currently around 104,900.

In the current Bitcoin market, the daily level is significantly constrained by the middle band of the Bollinger Bands, and the Doji candlestick pattern reflects the fierce struggle between bulls and bears, with the market not showing a one-sided trend. In the four-hour time frame, the price rise encountered short-term resistance at 105,500, and both sides are in a stalemate, with the Bollinger Bands showing a horizontal trend. Therefore, the suggested trading strategy is to primarily take short positions on rebounds.

Bitcoin Recommendation: Around 105,500 🈳 Target 103,000 (Aggressive traders can short directly at the current price 🈳)

To seize profits, it only takes a week. If determining the market trend is challenging and short-term trading is not smooth, please pay attention to professional guidance for hands-on teaching support.