Academician of the cryptocurrency circle: Is the short-selling dominant pattern of Bitcoin (BTC) on June 28 unchanged? Latest market analysis
The current price of Bitcoin is 60500, and the daily K-line is still in a downtrend. The price is below the EMA15/30/60/90/120 moving averages, with a clear downward trend. The MACD indicator shows that the DIF and DEA are still below the zero line. Although the green bars have shortened, an effective golden cross has not formed, and the rebound momentum is relatively weak. The Bollinger Bands are opening downwards, and the price is operating near the lower track, with no strong breakout signals in the short term. The Fibonacci support level at 100% corresponding to 58030 has been tested. If this level is lost, the downward space will further open, with resistance concentrated around the 72620 level.
The four-hour K-line experienced a slight rebound after reaching the low point of 58030, and the current price of 60459 is still below the EMA moving averages of various periods. The arrangement of the moving averages downward has not fundamentally changed. The MACD indicator shows a golden cross formed below the zero line between the DIF and DEA, with red bars continuing to expand. The short-term rebound momentum has been repaired somewhat, but there has not yet been a breakout at the 23.6% Fibonacci pressure level of 63882. The middle track of the Bollinger Bands continues to press down, and the current price is obviously restricted by the middle track. If the rebound cannot break through the middle track and the resistance at 63882, it is highly likely to continue the downward trend, with short-term support around 59000.
Short-term reference: The market does not have a 100% guarantee, so it is essential to set proper stop-losses for safety. The goal is to minimize losses and maximize profits.
If it does not break down from 59000 to 58500, go long with a stop-loss at 58500, targeting 60000 to 61000.
If it does not break down from 63500 to 64000, go short with a stop-loss at 64500, targeting 62500 to 61500.
Specific operations depend on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are to be undertaken by individuals.
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