6.23 Market Analysis and Trading Suggestions
Bitcoin is like a wild steed in the vast financial wilderness, where fluctuations dance between risk and opportunity. Hold the reins tightly, and with faith, you will ultimately encounter the dawn of wealth. Early this morning, Bitcoin has dropped again, breaking the 100,000 mark, with a minimum drop to around 98,100.
On the 4-hour level, after the price dipped to a low of 98,216.34, a clear bullish reversal candle formed, accompanied by increased volume, indicating strong buying power below that effectively absorbed the selling pressure. The KDJ indicator has formed a golden cross at a low level and is diverging upwards, releasing short-term bullish signals, suggesting strengthening momentum. Regarding the Bollinger Bands, the price has rebounded from the lower band area; although currently under pressure from the middle band, if it can break through the middle band after confirming support from the lower band, it will open up upward space. Combined with volume support, there is hope for further progress towards previous key price levels, so attention can be paid to opportunities for the continuation of the bullish trend.
Bitcoin Strategy: Buy around 100,900, target 102,500
Other Strategy: Buy around 2,200, target 2,300
