Crypto Circle Scholar: On June 26, Bitcoin's bullish space is nearly exhausted, with unlimited downward space? Latest market analysis and reference suggestions
Current Bitcoin price is 107,500, and it is 1:30 AM Beijing time. The main force has shown no signs of a pullback, only needing to continuously break several key resistance levels upwards, resulting in a sharp rise in the market. As for whether it can continue to break through later, attention needs to be paid to the resistance level of the descending trend line at 109,000 before making a decision on whether to go long or short.
Currently, the daily candlestick has a high of 108,150 and a low of 105,800. The EMA trend indicator has shifted from a contracting bearish trend to a bullish expanding trend. MACD volume has decreased, and both DIF and DEA are contracting. If it breaks 109,000 again, the bullish trend is likely to initiate another assault on 110,000. After losing the middle track of the Bollinger Bands at 105,700, upward momentum has begun to build. If the key resistance level is not broken, the bearish trend will continue, so attention needs to be paid to changes in trading volume.
The four-hour candlestick is continuously moving upwards, but trading volume is decreasing. The EMA trend indicator is contracting upwards, with only EMA15 following upwards, while other indicators are densely clustered around 105,000. MACD volume has decreased, forming a top divergence trend, and the Bollinger Bands are expanding upwards. The upper resistance level has risen to around 109,350, while the middle track is still at 104,000. In terms of bullish and bearish comparison, the bullish space is much smaller, while the downward space is larger. To be cautious, it is most prudent to wait for high positions to short.
Short-term reference: The market is never 100% certain, so always set stop-losses; safety first, small losses, and big profits are the goal.
Southern trial position: 109,000 to 109,500, with a defense at 110,000, stop-loss 500 points, target looking at 108,000 to 107,000, break point looking at 106,500 to 106,000.
Northern reference point: 106,000 to 105,500 break point, with a defense at 105,000, stop-loss 500 points, target looking at 107,000 to 107,500, break point looking at 108,000 to 108,500.
Specific operations are based on real-time market data. For more detailed information, you can consult the author. The article may have delays in publication; suggestions are for reference only, and risks are self-borne. $BTC