Red Sister's Cryptocurrency Circle Analysis on June 24 (Written at 3:10)
After a recent price fluctuation and decline, Bitcoin shows signs of rebound, but the strength and sustainability have yet to be confirmed. From the 4-hour chart, market sentiment has stabilized somewhat, and the technical indicators show some rebound momentum. However, multiple indicators are signaling overbought conditions, so caution is needed regarding the risk of a pullback. The K-line is approaching the upper band after reaching the middle band, and the Bollinger Bands' middle band and KDJ indicate that the price is likely in a phase of consolidation, with narrow fluctuations expected in the short term. Red Sister suggests that if the price can stabilize below the key support level of 102200, bulls can gradually enter the market, targeting the upper band of the Bollinger Bands. If the price fails to break above the key resistance level of 103500 or falls below the support level of 102200, it is advisable to focus on short positions in the short term. Be cautious of potential pullbacks due to short-term overbought signals, and observe whether bullish momentum can continue to strengthen using the MACD indicator, as there is a risk of market correction. The RSI has broken above 50, indicating a short-term rebound. Currently, the price is fluctuating near the middle band of the Bollinger Bands, with insufficient rebound strength, and the upper band serves as the main resistance. In the KDJ, the J line is in the overbought zone, indicating increased short-term rebound momentum but also heightened risk, with the market's rhythm leaning towards consolidation. In the MACD, the DIF line has crossed above the DEA, forming a golden cross, and the histogram has turned positive, indicating that market momentum is accumulating. Of course, the most concerning issue remains the deteriorating situation in the Middle East; if the U.S. intervenes, it will likely lead to a prolonged conflict. It is believed that those who understand the market will not suffer losses in this battle, as the overall market sentiment is heavily bearish, and all temporary rebounds can be characterized as a process of reducing short positions!
Sell Point: Short at ≥103100, stop loss at 104000; take profit at 102200; if it breaks below 102000, it can continue to target around 101000; if it directly breaks below 100000, pause new long positions!
Buy Point: Long at ≤101000, stop loss at 99650; take profit of 1000-2000 points; do not be too greedy with counter-trend short positions!
There may be delays in article review and push notifications; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!
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Thus, our journey in the cryptocurrency circle begins to move towards a broader new starting point, and it is by no means an endpoint, as the road ahead is long and must be walked step by step! The ocean of the cryptocurrency circle is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.
Remember, the cryptocurrency circle is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of the cryptocurrency circle, realizing your value and dreams. Wherever and whenever, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the cryptocurrency circle, returning with full loads!
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