6.28 Cryptocurrency Market Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin faced resistance and pulled back around 1,076,500 yesterday, with bullish sentiment gradually weakening during the day. The price has been oscillating within a range. As of the time of writing, it has once again touched the low of around 1,063,000, showing a slight rebound, with the current price operating around 1,066,000. Both bulls and bears have resumed their upward push, but the key focus remains on the resistance level of 1,076,000.

On the daily chart, the trend has closed in the red for two consecutive days, and bearish sentiment is gradually intensifying. Currently, the market is facing pressure and pulling back, with the price continuously testing downward. Short-term support is near the five-day moving average. If this support area is broken during the day, the market may continue to test the daily Bollinger middle line. The accompanying MACD and Stoch indicators continue to maintain a parallel position, while the RSI has slightly turned downward, indicating a wide-ranging oscillation in the trend. Therefore, it is not recommended to blindly chase after price increases during the day.

On the short-term hourly chart, the Bollinger Bands are narrowing. The market has broken below the four-hour Bollinger middle line and is operating in the lower mid-band area. Although there has been a rebound, the upper mid-band resistance is continuously moving downward. If the market cannot sustain a rebound and break through, there is a possibility of returning to test support again. The operation still suggests trading high on the range and low on the long side, with upper resistance at 1,076,000 and lower support at 1,058,000.

6.28 Bitcoin Short-term Reference:

Lower test entry point 1,076,000-1,085,000, stop loss at 1,100,000, take profit: below 1,068,000,

Upper test entry point 1,053,000-1,063,000 long, stop loss 500, defend at 1,040,000, target above 1,070,000.