Crypto Circle Scholar: Bitcoin Unable to Break This Level on June 21, Shorts Will Completely Dominate the Market! Latest Market Analysis and Reference Suggestions
Current Bitcoin Price 103150, it is now 4 AM Beijing time. There is no need to elaborate on the two southern positions given yesterday, especially for friends who went south above 107500 a few days ago and those who went south at 106000 yesterday. 103000 is a key support point, it is recommended that everyone take some profits and lock in gains, leaving a portion as a base position. That way, even if the market adjusts above 105000, it won’t matter, at least we have captured several thousand points of space.
Before the release, the daily candlestick had a high of 106550 and a low of 102350. The lowest point just stood above the EMA60 trend line before pulling back. Currently, it has returned to hover above 103000. If the next daily candlestick cannot break below the EMA60 trend line support, a pullback is very likely to occur. The MACD is continuously shrinking in volume, and the DIF and DEA are impacting the zero axis downward, entering polarization. After the candlestick breaks below the middle track, pay attention to the lower track support at 101700 as a northern trial point, which will keep the stop-loss small and the profit space larger, with risks smaller than rewards. Previously, the focus was mainly on shorting at resistance levels.
The four-hour candlestick has two consecutive large bearish lines breaking below the EMA trend indicator, ending the downward alternating expansion trend. The MACD has started to shrink in volume, and the golden cross of the DIF and DEA has been reversed downward to form a dead cross. After breaking through the upper Bollinger Band at 105850, the plunge directly broke through the Bollinger Band lower track support at 103500. The bearish momentum has just opened up; it is not over yet. Pay attention to the upward trend resistance level at 104000. For friends who haven’t gone south, this can be a reference.
Short-term reference: The market is never 100% certain, so always set a stop-loss. Safety first; small losses and big gains are the goal.
Southern trial point 104000 to 105000, defend 105500, stop-loss 500 points, target look at 103000 to 102000, breaking point look at 101000.
Northern reference point 101500 to 101000, defend 100500, stop-loss 500 points, target look at 103500 to 104000, breaking point look at 104500.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. The article has a delay in publishing; suggestions are for reference only, and risks are borne by the reader.