June 28th Air Felling: Bitcoin is bullish above 61300, gradually strengthening or welcoming unilateral
The growth of speculative capital flowing with the trend has strengthened the trend and can provide rich returns for the bias of following the trend, and speculative interests have attracted new capital inflows. When speculative capital inflows cannot compensate for the rising interest to be paid, the trend will reverse.
BTC/Daily Chart
Regarding Bitcoin, the price started to oscillate upwards near 60600 on Wednesday, ushering in a strong counterattack overall, eventually reaching near 62400. Whether it is the continuation of bearish weakness or the bearishness after the oscillation, it has failed. As mentioned in the previous air felling, the trend is still downward. However, due to the launch of the ETH spot ETF, it can prevent the decline. So why did the coin price continue to rise overnight? It can only be said that institutions deliberately did so, currently confusing the retail market. Therefore, the continuation of this weak correction is the key focus for consideration. The author believes that this bull wave is far from over. Today's key resistance is around 63500, and the short-term support below is 61300, which is also the first consideration for rebound stabilization and bullishness.
BTC/4h Chart
On the 4-hour level of Bitcoin, from the chart, it can be seen that there was a rebound yesterday, and the resistance near 62400 started to pressure downwards. Currently, the price is running near 61500. There is indeed a continuation of the downward trend on the 4-hour level, but if the price does not break the short-term support at 61300, I am more inclined to see an upward trend. If today can stabilize at 62000, the rise to 63500~64000 should not be a problem.
BTC/1H Chart
On the 1-hour level of Bitcoin, the current short-term support is at 61300, temporarily making it the watershed between long and short positions. If it cannot break below, it indicates that the decline is very weak, and this kind of movement needs to be observed for a rebound. The short-term resistance above is around 62500. If it can be maintained above 61300 during the day, then look for a rebound or continue yesterday's trend.
Strategy 1: Long in batches from 61600 to 61300, stop loss at 60800, target around 63500~64000
The above is personal advice, for reference only. Investment involves risks, and trading should be cautious.
There may be delays in posting, and the market is ever-changing. The mentioned points in the article do not serve as a basis for following orders. For more information on the market and resolving orders, refer to the real-time strategy of air felling
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This article is original by Band Air Felling, with over ten years of investment experience, having handled funds at the tens of millions level, familiar with the operation of main funds, washing and absorbing chips, and boosting methods. It can grasp the integration of knowledge and action in fund management, position control, investment portfolio, and investment mentality. Proficient in judging and analyzing the overall market trend, and well-versed in various candlestick technical tactics, with deep insights into wave theory, form theory, and indicator theory. Scan and follow the official account above to learn about technical market trends and exchange
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