6.20 Morning Analysis

Today, there is temporarily no significant trending market appearing, let's take a look at the higher timeframe candlestick chart.

Looking at the 4-hour chart, Bitcoin has started a bullish trend since April 9, beginning to rise, and has stagnated since May 22. For the past month, it has been in a sideways consolidation.

We pay attention to the MACD; although the lows of the candlesticks are rising, the lows of the MACD are declining. This divergence suggests the possibility of a reversal in the major trend. Therefore, as the sideways movement ends, we can try to position ourselves for a medium to long-term bearish outlook.

For Bitcoin, a medium to long position is 108000-112000, with a target of 96000-92000. #BTC走势分析 #BTC☀ $BTC