Cryptocurrency Market Waves: 6.3 Bitcoin (BTC) Market Analysis Reference:

Bitcoin's recent market trend continues with a downward oscillation, with the center of gravity of the market steadily declining. The daily price has effectively broken below the lower Bollinger Band, and the Bollinger Bands are simultaneously opening downwards, with continuous bear selling pressure being released. In terms of indicators, MACD is operating below the zero axis, with the DIF and DEA lines continually diverging downwards, and the bearish histogram steadily expanding. There is no clear exhaustion of the downward momentum, and a medium-term bearish trend has been established; the KDJ three lines are all turning downwards, with the J value entering a deep oversold zone, but there are no signs of a bullish crossover yet; there is only a technical correction demand. Oversold does not indicate an immediate bottom rebound; the RSI indicator is also oscillating downwards, operating in a weak zone, with no divergence signal for stabilization. In the moving average system, both short and medium-term EMA moving averages are in a standard bearish arrangement, pressing down layer by layer from top to bottom. The price is running below all moving averages, and every small rebound is met with resistance from the moving averages, causing a drop back down, with weak bullish counterattacks. Overall, the daily level has entered an adjustment cycle, and it is highly probable that it will continue a weak oscillation with the possibility of further decline.

On the short-term 4-hour level, the downtrend of BTC is clearer, with the price steadily decreasing along the lower Bollinger Band, and the channel extending downwards. The MACD indicator's DIF has crossed below the DEA forming a dead cross, with the bearish volume continuously expanding, and the bear forces firmly dominating the market. The KDJ is all diving into the oversold zone, with the J line showing signs of turning upwards, but there is a lack of effective short-term counterattack driving force. The RSI has also sunk into the oversold zone, with some inherent demand for a small technical recovery, yet all EMA moving averages across cycles remain under pressure and are declining, with the price losing short-term moving average support. The upper moving averages form layers of resistance; even if there is a small rebound due to oversold indicators later, it would only be a weak recovery pullback in the downward trend, not a trend reversal, and there is currently no effective signal of a bottom reversal. In terms of operations, it is better to wait for price rebounds to encounter resistance before taking short positions.

Cryptocurrency Market Waves: 6.3 Bitcoin Short-Term Reference:

Long Position: Buy in the range of 65600-66200, stop loss at 500 points, target at 67000-68000,

Short Position: Sell in the range of 68400-67800, stop loss at 500 points, target at 67000-66000,

【The above analysis and strategies are for reference only; please take risks yourself. The article may have delays in review and release, and the strategies may lack timeliness. Please do not operate blindly】

This content is an original sharing from 【Cryptocurrency Market Waves】 and represents personal views only. The release of the article has a delay; it is for reference only and please do not operate blindly! Want to get more daily real-time signals? Then follow my public account! Here, you can engage in online market technical learning and also understand relevant knowledge about exiting with profit. I have many years of research experience in the market, focusing on the major trends in the crypto space. I primarily analyze and guide investment operations for BTC, ETH, SOL, BCH, and more. Welcome to study together.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。