Morning Analysis and Trading Strategy for Bitcoin on June 29
Observing the four-hour candlestick chart, Bitcoin has recently shown a trend of consolidation and accumulation, with the moving average system gradually narrowing, indicating that the power of bulls and bears is continuously adjusting. The MACD indicator is operating above the zero line, with the fast and slow lines about to form a golden cross, and the red momentum bars are beginning to slowly increase, suggesting that bullish strength is gradually accumulating. The middle line of the Bollinger Bands continues to slope upward, the price is operating above the middle line, and there are signs of expansion in the Bollinger Bands, further indicating strong upward momentum in the market, with Bitcoin preparing for a breakout to new highs. Trading suggestion:
Make long trades in the range of 107000 - 106700. Set the stop-loss at 106500.
Due to the impact of international events, it is crucial to closely monitor market dynamics during actual operations and reasonably control positions based on individual risk tolerance.
