Coin Circle Li Ying: 6.9 Bitcoin (BTC) Latest Market Interpretation and Trading Suggestions

　　Dear friends, the current price of Bitcoin is 63850, and the recent trend is just like a roller coaster, previously plummeting from over 75000 to around 59130 before barely stabilizing, and now it is slowly climbing up. Looking at the K-line, there was initially a one-sided decline, and when it approached 60,000, it suddenly stopped falling and started to fluctuate sideways. In recent days, there has been a series of small bullish candles pushing upward. Many new friends are asking whether they can chase the price now. Don't rush; let’s analyze the technical aspects first. The current price is stuck between the short-term moving averages and the middle line of the Bollinger Bands. We need to determine whether this is a real reversal or a false rebound before deciding how to operate; after all, preserving the principal is essential to continue playing.

　　First, looking at the EMA moving average system, the current price of 63730 has successfully risen above the EMA7 and EMA30 short-term lifelines, indicating that the short-term bullish momentum is strengthening and buying pressure is becoming active; however, the purple EMA120 overhead at 66158 remains high and is tilted downward, meaning the medium-term trend has not completely reversed, indicating strong resistance. Looking at the MACD indicator, the DIF has crossed above the DEA forming a golden cross, and the red histogram is getting longer, which is a typical signal of a bottom rebound. Finally, looking at the Bollinger Bands, the price is currently operating between the middle line at 62586 and the upper line at 64153, and the opening is narrowing, indicating that a market change is imminent, with the upper 64153 being the first hurdle.

　　Short-term reference:

　　Buy range 63000-62500, exit if it breaks below 62000, target above 63500 aiming for 64000.

　　Sell range 64000-64500, exit if it falls below 65000, target below 63500 aiming for 63000.

　　The above content is exclusively original by Li Ying; please indicate the source if reproduced! There may be delays in article review and publication, and the market changes rapidly; the above suggestions are for reference only and risks are to be borne by the reader. I hope Li Ying's appearance will be helpful to you!

　　The content of the article is time-sensitive, for reference only, risks are to be borne by the reader.

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