Coin Circle Li Ying: June 11 Bitcoin (BTC) Latest Market Interpretation and Trading Advice

　　Family, the current price of Bitcoin is 62400, let's check the 2-hour chart. Previously, it fell from over 78000 all the way down to 59130, and now it is in a rebound recovery phase after the drop. In the short term, the price is hovering near the moving average, with both bulls and bears testing the direction. At this time, don't rush in blindly; wait for clear signals before taking action, otherwise it is easy to get hit from both sides.

　　First, let’s look at the moving average system: EMA7 and EMA30 are forming support below the current price, indicating that there is buying support in the short term; however, EMA120 is still above, capping it, and the mid-term trend has not completely reversed; a breakout is necessary for a strong reversal. In terms of MACD, DIF and DEA are below the zero axis, and although the histogram has turned red indicating a rebound, the momentum has not fully started, belonging to the weak rebound category. The middle track of the Bollinger Bands at 62073 is a support level, with the upper track at 63404 representing resistance. The price is fluctuating above the middle track, and if it can stabilize and increase volume at the middle track, there is a chance to touch the upper track; conversely, if it breaks below the middle track, it could retest the lower track at 50742.

　　Short-term Reference:

　　For long positions 61500-61000, exit if it breaks 60500, target above 62500 aiming for 63500.

　　For short positions 63500-64000, exit if it falls below 64500, target below 62500 aiming for 61500.

　　The above content is exclusively created by Li Ying, please indicate the source when reprinting! Article publishing review may have delays, and the market changes rapidly; the above advice is for reference only, with risks borne by you. I hope Li Ying’s insights are helpful to you!

　　The article content is time-sensitive, for reference only, with risks borne by you.

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