Evening Operation Analysis on June 19
Current price of Bitcoin is 1047, and the market is showing a downward trend with price in a consolidation phase, under pressure from the middle Bollinger Band. However, the support below is currently effective. The MACD indicates a slight increase in bullish strength, but no strong reversal signal has formed yet, and the overall trend remains to be further clarified.
Support Level: 103, near today's low; if broken, watch for 102-1025. If it retraces again, it will receive strong support. Resistance Level: 1053, near today's high; if broken here, it may encounter resistance. Second Resistance Level: 1062 - 1065, this area is under pressure from the 20/50/100 moving averages and is also an important resistance level from earlier.
Long Position: When it stabilizes near 1035 during a pullback, a light position can be taken to go long, with a stop loss set at 103, targeting 1045 - 1053.
Short Position: If it rebounds and encounters resistance near 1053, a light position can be taken to go short, with a stop loss set above 1058, targeting 104 - 1035.
