Cryptocurrency Scholar: The Bear Army is 'At the Gates' on June 20! How Can Retail Investors Save Themselves? Latest Market Analysis and Reference Suggestions
Current Bitcoin price is 104700, it is currently 2:30 AM Beijing time. The strategy given in yesterday's article was a southward target of 104000 from 105000; the space is limited, only 1000 points. The northward target of 103500 was not reached, so we can only wait for a pullback above 105000 to try southward again. It is recommended to place the defense point above 105500 and set the stop loss above 105800. For those trading trend orders, the market in recent days is suitable for resting; for those trading swings, the back-and-forth is quite comfortable. While enjoying the comfort, remember to maintain good defense and set proper stop losses.
Currently, the daily K-line's highest is 105250 and the lowest is 103930. The EMA trend in the long term remains unchanged, while the short-term cycle shows contraction. The K-line has currently broken below the EMA30 trend line at 105200 and has been consistently facing resistance upwards. Below, pay attention to the Fibonacci retracement level 0.786 support at 103900. The continuous decrease in MACD volume has caused DIF and DEA to approach the 0 axis line. The Bollinger Bands continue to be sideways, with the K-line facing resistance at the middle track of 105800 and has been in a downward channel since. The lower track is concerned at 101900; if the K-line loses the 786 retracement line, it is highly likely to reach the lower track.
The four-hour K-line has entered a downward channel; the EMA trend indicator is also alternating and expanding downwards. The short-term bearish momentum has entered a downward channel. If the pullback does not break the pressure at 105800, the bearish momentum will continue. The continuous decrease in MACD volume, with DIF and DEA spreading below the 0 axis line, forms a bottom divergence trend. Coupled with the resistance of the Bollinger Bands' middle track at 105400, one can see where the pressure zone is on the short side. Short-term support is at 103000; overall, shorting at high positions has some advantages.
Short-term reference: There is no 100% in the market, so always set proper stop losses; safety first, small losses and big profits are the goal.
Southward trial entry point from 105000 to 105400, with defense at 105800 and a stop loss of 500 points, targeting 104500 to 104000, and if broken, look at 103500.
Southward trial entry point from 104000 to 103800, if broken, target 103300 to 102800, and if broken, look at 102400 to 102000, with a stop loss of 300 points.
Northward reference point from 101500 to 101000, with defense at 100500 and a stop loss of 500 points, targeting 103500 to 104000, and if broken, look at 104500.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. There may be delays in article publication; suggestions are for reference only, and risks are borne by the reader.
