【Analysis of BTC Trend on 6.10】

Bitcoin is surging forward, and the bull market's charge has already sounded!

This round of Bitcoin's行情 is simply like a runaway bull, unstoppable, as if it is about to break through the market ceiling in one go! The MA7 and MA30 moving averages are rising sharply, as if powered by rocket engines, with prices soaring along the moving averages. The previous range of fluctuations is no match for it and is instantly broken through. The current moving average system shows a perfect bullish arrangement, which is undoubtedly a blatant "declaration of war" by the main funds against the bears— the market is firmly under control, and the bears must retreat without delay!

In the face of panic statements in the market that "the RSI indicator has soared to 76, has reached the overbought zone and will soon decline," I just want to say that in the ever-changing world of cryptocurrency, overbought conditions are merely the prologue to an explosive行情. Looking back at past bull markets, even after the RSI indicator broke 90, it could still continue to rise. Now, the value of 76, in terms of this round of gains, is merely the beginning of the performance. Hesitating due to concerns about a pullback is like feeling timid while a runaway bull is charging; in the end, it will only lead to missing out on excellent profit opportunities.

Looking at the MACD indicator, the DIF line and DEA line are accelerating upwards, and the red bars are continuously expanding, unstoppable. This is not an ordinary upward行情; it is clearly a strong declaration from the bullish main forces to the entire market: any short-selling behavior will become a "experience package" delivered to your door! Under such a strong trend, going against the trend is undoubtedly asking for trouble.

Since the rebound from the "golden pit" of 100305, Bitcoin has successfully broken through the fluctuation range, and the previous high of 111959 is now within reach. Once a breakthrough occurs, the 120,000 mark is not out of reach! Don’t think this is a fantasy; the crypto market is a stage for creating miracles. Only by daring to dream and act can one share in the wealth feast. Even if a pullback occurs in the short term, it is merely a "boarding ticket" opportunity given by the market. True opportunities always belong to those brave enough to seize them!