June 17th Afternoon Operation Analysis

Let's first look at the 4-hour chart. The price of Bitcoin is hovering around 1074. The key point is whether it can break through 1077. This is a turning point on the 1-2 hour level; if it stabilizes, then the pullback is considered complete; otherwise, it will still be stuck below.

The market now resembles a triangular convergence, nearing its end. I estimate that in the next 3-5 four-hour candlesticks, a direction will need to be chosen. Remember that a breakout must be accompanied by volume; breakouts without volume are false. When trading, don't exceed a 5% position; wait for a clear breakout before taking action. Being cautious isn't a bad thing. Strong support is at 105, which is supported by the low from April; if it breaks below, be careful. The upper range of 108-1086 is a dense area of positions; breaking through here signifies strength.

From the 4-hour candlestick chart, the MACD has been reducing volume for two days, resembling the feeling before a big move in a battle; a trend change may be imminent.

Going Long: To go long, wait for a volume breakout above 1076, and the 4-hour close must be above 1086 to be considered stable. You can enter in batches between 1076-108, with an initial target of 1095, then aiming for 111, and if it's aggressive, it could reach 1125. However, if it falls below 1068, withdraw quickly; don't hold on stubbornly.

Going Short: To go short, wait for a drop below 1068, and the MACD must confirm a death cross. You can enter when it rebounds between 1065-107, with an initial target of dropping to 105, then looking further down to 1035. However, if it rebounds and breaks above 1076, cut losses and exit; don't linger in the battle.