6.12 Early Morning Bitcoin Market Analysis~Bitcoin continues to adjust with high volatility, how should we operate in the short term?

During the day, Bitcoin continues to experience slight range fluctuations. Currently, looking at the daily chart, the BOLL bands are starting to flatten, and there is a downward pressure on the upper band. Although the MACD and KDJ indicators show a bullish resonance and upward trend, the gap between the price and the 5-day moving average has not yet been repaired, which is the only current risk. Combining with the 12-hour chart, the TD indicator has reached TD9, and the price operates below the 5-day moving average. The bullish volume of the MACD is starting to shrink, and the KDJ has shown three instances of downward inclination. If by tomorrow morning's close, the K-line forms an upper shadow and the energy column changes from red to green with the TD indicator showing a green TD1, it can be confirmed that this round of Bitcoin's rebound will present a chance for a pullback, with current support levels around 108300-106800.

Looking at the 4-hour chart after the early morning close, Bitcoin relies on the 5-day and 10-day moving averages to show a gentle fluctuation adjustment. The bullish MACD is beginning to shrink, and the fast and slow lines indicate aggressive divergence, suggesting a possible trend change. Combining with the hourly chart, it currently leans towards a high-range fluctuation adjustment. The resistance at the high point is referenced at 110500-112000. Therefore, for early morning operations, my personal view is to consider a high sell and then a low buy strategy.

Operation strategy: Rebound at 110200-110700, target: 109000-108300, stop loss at 111200.

For buying, the reference points are: 108300-107500, target: 109500-110500.

For the short-term trend, this is expected to suffice, and I will continue to follow up with #币安Alpha上新 #比特币突破11万美元 .