6.24 Zhang Lihui: Bitcoin short rebound continues to sell, pay attention to whether the daily MA380 can provide secondary support! Today's (BTC) latest market analysis and trading reference! #加密市场回调 #BTC #BTC走势分析 #ETH🔥🔥🔥🔥🔥🔥 #ETH走势分析
Recently, Lihui precisely set the bearish target around 98000 in the article about Bitcoin, and those who had previously set up high shorts have likely taken some profits; it can be seen that a strong rebound occurred early this morning, breaking through the daily EMA80 and EMA60 resistance mentioned by Lihui yesterday. Since there was no pause and it broke directly, everyone needs to adjust their short entry points, which can be adjusted at any time. After forming an upper shadow on the EMA60 during the rise, Lihui decisively arranged for entry, including Ethereum as well; everyone can pay attention to Lihui's real-time operation information! It may be of some help to your positions!
Continuing to look at Bitcoin, it hit a high in the evening of the 1-hour chart, forming an upper pin after reaching the upper band, and then it fell again. Currently, the Bollinger Bands at this level are inclined to move down again, with the fast and slow lines converging about to take shape. Pay attention to the strength of the divergence after the dead cross forms and the volume strength below the 0 axis to determine whether to hold shorts! From the KDJ and RSI, it has not yet entered the oversold area, indicating that the downside space is not yet finished!
On the 4-hour chart, the Bollinger Bands channel may maintain a parallel trend, and the lower band has not dropped below 98200; therefore, there is no need to look too far downwards in the short term. The current level of K-line may again break below the mid-band support, KDJ's three lines are facing resistance and turning down, and the three lines of RSI are likewise, with weak volume above the 0 axis. Be cautious about chasing longs at high positions; as expected, this golden cross will not last too long, and there is a high probability of reversing again; if the mid-band is not stable, then we can first see the MA450 position, which is around 99700, and breaking below the MA450 can continue to hold until the lower band approaches yesterday's low of around 98400 for defensive strength!
For those who have not yet entered, continue to pay attention to the 4-hour EMA300 and MA380 above, and the EMA30 crossover resistance position, which is close to the high point from last night for secondary pressure entry;
Recommended short entry point: short above the range of 102000; stop loss 700 points; target 100500-99700, breaking down to 99700-99400 can continue to hold below 99000;
Recommended long entry point: need to pay attention to the effective support below the two positions of 4-hour MA450 and daily MA380, target 1000-2000 points, do not be too greedy! Specific entry opportunities can be followed by Lihui to get more operational information!
