Cryptocurrency Expert: Bitcoin Surges Without Volume on June 27! Will the Bulls Hit the Ceiling? Latest Market Analysis and Suggested Recommendations
The current price of Bitcoin is 107,500. It is now 2 AM Beijing time, and neither the long nor short entry points have been reached; we can only wait and see. The pre-market plans are already set. Since the market has not entered the hunting range, it’s best to remain stealthy. The goal is simple: wait for opportunities and signals. Enduring loneliness allows one to enjoy prosperity.
Before the article was published, the daily K-line had not yet challenged the downward trend line pressure level at around 109,000. However, the MACD contraction has ended, and the DIF and DEA formed a golden cross right at the 0 axis, indicating an upward trend in volume. Still, the K-line has not stretched, and the overall trading volume has not increased, nor has it broken the support. The middle track of the Bollinger Bands supports 106,000, with the upper track at 110,000. This suggests that the bulls have not yet finished in the short term. After the bulls stretch, one can look for positions to consider attempting a long position.
After a continuous stretch of the four-hour K-line, a clear resistance was formed at the top around 108,000. The K-line has retraced to the fast line support at 107,000. The top divergence trend, combined with the weakening bullish momentum, makes it possible for the K-line to revisit the short-term support at 106,000. Additionally, the contraction of the DIF and DEA aligns with the middle track support of the Bollinger Bands at 106,000 and the trend support. If this key support holds, consider going north. If broken, timely stop-loss and reversal southwards are necessary; do not go against the trend without a stop-loss.
Short-term reference: The market is never 100% certain, so always set a proper stop-loss; safety first. Small losses with big gains are the goal.
For attempting long positions, consider points from 106,300 down to 106,000, with a stop-loss at 105,800, risking 300 points, aiming for targets between 105,300 and 104,700. If broken, look for targets from 104,000 to 103,500.
For going north, reference points are from 106,300 to 106,000 without breaking, with a stop-loss at 106,500, risking 300 points, aiming for targets between 107,000 and 107,500. If broken, look for targets from 108,000 to 108,500.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article publication; the suggestions are for reference only, and the risk is borne by the reader. $BTC