June 27, 2023
Bitcoin has been above 30,000 for many days, and it is still very strong. It can be speculated that the subsequent correction will not be too large. From the trend of US stocks last night, it can be seen that US stocks have entered a comprehensive correction trend. Although the currency market and US stocks are temporarily decoupled, it is still necessary to pay attention.
From a technical perspective, after the weekly bullish candle of Bitcoin, the daily EMA crosses, which is a bullish trend, but do not rush to operate, and wait for the global market to adjust. The subsequent market is likely to be a monkey market, and the callback will basically end before the delivery at the end of the month around the 29th. You can find opportunities to go long in the spot market. According to Mr. Xiaomai's experience, the monkey market should refer to EMA transactions and buy or sell as close to the moving average as possible. At present, it is best to wait for a retracement or buy close to the moving average after it moves up. The callback target is in the range of 27500-28400. If it breaks through 31000 in the future, there may be a new high.