June 13th Early Morning Bitcoin/Altcoin Market Analysis and Trading Strategy
The four-hour K-line pattern shows that the current market has consecutively formed six bearish candles. The Bollinger Bands are gradually forming a closing trend. We all know that this indicates a significant market movement is about to occur. From a technical indicator perspective, the K-line has not touched the lower band during the previous pullback, and currently shows an upward breakout trend, indicating that the bulls are gradually warming up, and the bearish power is being gradually eliminated, with the bulls regaining dominance.
Additionally, the Bitcoin 107500 level has become a key defensive line contested by the bulls. If this level can be effectively defended, the likelihood of subsequent bullish momentum will significantly increase. Based on this, the trading strategy in the early morning suggests focusing on buying the dips in bullish positions, adopting a high-sell, low-buy approach, while closely monitoring the breakdown of key levels.
Bitcoin: 107500-107000 bullish, looking at 108500-109500
Altcoin: 2730-2700 bullish, looking at 2780-2830
