Zhang Lihui, edited at 00:05 Beijing time on June 25: Today's Bitcoin market analysis and trading suggestions:
After waiting all day, Bitcoin formed a prolonged high-level narrow range fluctuation after reaching 106,000. From the 1-hour perspective, the support at the bottom of the fluctuation is at the intersection of MA300 and the lower band. It can be clearly seen that MA300 is continuing to decline, indicating that support is still moving downwards, while the high point of the fluctuation is near the upper band around 106,000. In the MACD, there is an increase in volume below the 0 axis, but it is not very strong, and the death cross is still opening, so attention should be paid to the intensity of the volume below the 0 axis during the day. From the KDJ and RSI three lines, they are in the neutral zone, indicating that there is space both up and down, so the entry time still needs to wait. It is better to wait for a breakout of the narrow range fluctuation before entering.
In the 4-hour chart, the three lines of the Bollinger Bands continue to rise, so the support below can consider MA60, the middle band, and MA30, MA380. This needs to be determined in conjunction with the strength of the short-term pullback. If there is an extreme breakout below, consider the support at the bottom where MA450 coincides with the lower band. The lower band and MA450 are also continuing to rise, including the middle band, so the support points also need to move up accordingly. From the MACD, the volume above the 0 axis is weakening, and there is a probability of reduced volume, so the fast and slow lines will inevitably form a convergence phase. Attention can also be paid to the fast line when it approaches the slow line for a bullish entry. It should be noted that KDJ is strongly turning down in the overbought zone, so there is also a risk of pullback. It is not recommended to chase long positions at high levels; one can choose to short when breaking out of the fluctuation range at a high point, and going long at the pullback support is the most stable. Aggressive traders can choose to short lightly at the fluctuation high point of 105,500, and remember to keep the position light!
The upper entry opportunity can be seen at the daily upper band position, which is around 107,600. Why can we short? Because the fast and slow lines at the daily level have not yet formed a convergence, there may be a possibility of divergence again. Do not blindly go long just because of a rebound; where there is a rise, there must be a fall!
Suggested short entry point: short in the range of 107,000-107,600; stop loss at 1,000 points; target at 105,500-104,500-103,500, and if it breaks to 103,200, you can continue to hold;
Suggested long entry point: effective support below 103,500 for entry, target 2,000-3,000 points! Specific operations can be consulted with Lihui based on real-time market changes!
The specific entry opportunities at the above points can be based on real-time notifications from Lihui! There may be delays in article review and push; the market changes rapidly, and specific entry opportunities must be combined with actual operations, based on real-time notifications. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency market, unafraid of challenges, and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, experience storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold on to our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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