Zhang Lihui edited on June 30 at 00:15 Beijing time: Today's Bitcoin market analysis and trading suggestions:
Bitcoin has once again shown a short-term rebound in the afternoon of the 1-hour chart. The K-line is just at the upper resistance level of the 1-hour chart and has retreated. This position forms a parallel resistance with the high point of this month on the 17th, so Lihui has been emphasizing the importance of this position recently, especially advising fans not to chase long positions at high levels. It is clearly a high-level sideways accumulation phase, and chasing long positions is undoubtedly like being a bag holder. Even if there is space above after a breakout, it is not worth the risk. It is better to wait and continue looking for high short opportunities. Moreover, if the market is going to rise, it would have already done so; why would it take its time to get you on board and let you profit? The capital main force is not that foolish to buy at high prices; the only reason for doing this is to let you take the bag. It can be seen that the current fast and slow lines are about to form a death cross, and attention should be paid to the strength of the volume below the zero axis and the downward expansion of the KDJ and RSI three lines.
In the 4-hour chart, although the Bollinger Bands have opened upward, the K-line has been under strong pressure at 108900 without breaking through, and there is a clear double top structure trend. Currently, we continue to pay attention to whether the middle and lower bands can provide support again. It can be seen that the fast and slow lines are forming a second divergence, and we should continue to monitor the strength of the volume below the zero axis. The KDJ three lines are crossing and diverging downward, and the RSI is similar. Lihui believes that there is still space below under the second pressure at the top, and short positions at high levels can continue to be held with proper stop-loss. We should continue to keep the space below after the divergence opens; we will continue to pay attention to the key support range of MA220, MA120, MA300, MA180, and MA60. The high level remains unchanged, as long as 108500-108900 is not strongly broken, we can continue to maintain the high short strategy for entry.
Suggested short entry point: Light short positions in the range above 108000; stop-loss at 1000 points; target 107100-106000-105200. If it breaks down to 105000, you can continue to hold until below 104000.
Currently, long positions are not being considered; it is recommended to wait and see. The upper space has not been opened, and the market is in a narrow fluctuation, where the risks outweigh the rewards. It is unnecessary to act; you can continue to wait for the market to stabilize before looking for trading opportunities. Specific strategies can be consulted with Lihui based on real-time market changes!
The specific entry opportunities at the above points can be based on Lihui's real-time notifications! 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 set take-profit and stop-loss when entering, and take profits when they are good!
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 cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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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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