6.29 Li Hui: Bitcoin ETF continues to increase holdings but no rally, waiting for you to board? If retail funds do not enter the market, who will take over? Today's (BTC) latest market analysis and operation reference! #币安Alpha上新 #BTC #BTC走势分析 #BTC🔥🔥🔥🔥🔥 #BTC、 $BTC
In the past hour, Bitcoin continues to move towards the upward channel, and the evening K-line touches the lower track and MA30 position again upwards. It encountered resistance at the upper track and fell back. The current level of the Bollinger Bands channel continues to maintain parallel lines. The lower track has been raised and is being compressed again. The lower MA120 moving average is rising quickly and has already exceeded the low points of the previous days, indicating that the bottom support is further adjusted upwards. It can be seen that the MACD is showing weak volume below the 0 axis but is pulled back above the 0 axis with an increase in volume, but the strength of the performance is still not very strong. The fast and slow lines are also opening upwards again, and the KDJ three lines intersect with an upward intention. Throughout the day, attention should continue to be paid to the strength of the volume above the 0 axis. If it cannot successfully break through 107900-108300, it is still possible to choose to enter short at the high points of the fluctuations. In theory, the inflow of Bitcoin ETFs has been very large recently, but the market has not risen very high, indicating that retail funds are still quite rational.
In the 4-hour chart, the Bollinger Bands channel also continues to maintain parallel lines. It will continue to maintain range fluctuations throughout the day. The high points can consider the upper track position. Below, observe the strength of the first support at the intersection of the lower track and MA30, and the second position can consider the support range of MA220, MA300, MA180, and MA120. In the MACD, the weak volume continues below the 0 axis. Although it is not falling, the death cross has not been pulled back. The suggestion for entering at high points is to maintain good stop-loss and hold patiently. Li Hui has previously mentioned that a short position at 108000 is currently being held. It can be seen that the current KDJ's J line is turning down, and the RSI three lines are starting to trend downwards. Overall, the bearish momentum is still downward. Li Hui suggests to maintain a focus on high short positions and not to think about short-term longs. There is a risk of high-level accumulation, and a pullback can easily lead to being trapped, so there is no need to take that risk!
Suggested short entry point: short positions above 107500; stop loss 1000 points; target 107100-106700, if it breaks down to 106500, it can continue to hold until below 106000;
Currently, do not consider going long and suggest waiting and observing, as the upper space has not opened up. The market is in narrow fluctuations, and the risks outweigh the rewards, so there is no need to take unnecessary risks. Wait for the market to stabilize before looking for operational opportunities. Specific arrangements can be consulted with Li Hui according to real-time market changes!