Coin Circle Jinrui 6.28: Double top bearish pattern appears Bitcoin long and short operation guide

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Now is the time to operate long and short orders. Since several chart patterns have appeared, Jinrui will analyze from the 4-hour chart and the 1-hour chart

[BTC 4-hour chart]

The current short trend is still dominant at the 4-hour level. The double top pattern (implying a decline) is formed by the suppression of the blue trend line and the 4-hour 25EMA.

Based on the above chart trend reference, the main short-term transaction can be short at the 4-hour 25EMA.

Short price: $61,700~$61,800 Stop loss price: $62,100 Target price: $61,000~$60,500

Mid-term long order:

Go long at $60,500 or $59,000, with the target at the neckline of the double top. ($62,000)

[BTC 1-hour chart]

At the 1-hour level, we need to be wary of the double top pattern. If it falls below $61,300 (neckline), Jinrui expects the price to fall to $60,600.

~ Ultra-short-term entry point on June 28~

① Enter long orders near $61,300, which also serves as a support and resistance zone. Stop loss price: $61,000 Target price: $62,000

② Enter long orders near $60,600, Jinrui recommends small positions. If it falls below the support, switch to short immediately. If it falls below the red zone, be alert that the price may fall to $59,000. Target price: $62,000

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