【BTC】Clinton Daily Analysis June 3

24-hour trend [up]

【Buy and sell points】

Buy point 1: 68000 USDT (close to the previous low and close to the EMA7 support level)

Buy point 2: 67000 USDT (further down to the low point of the previous band, with strong buying support)

Long stop loss point: 66500 USDT (slightly lower than the previous band low, to prevent false breakthroughs)

Sell point 1: 70000 USDT (integer mark, and also the recent high point area, with selling pressure)

Sell point 2: 71000 USDT (upward space opens after breaking through 70000, but beware of callback risks)

Short stop loss point: 71500 USDT (slightly higher than the previous band high, to prevent false breakthroughs)

【Price trend analysis】

K-line pattern:

The recent K-line shows obvious volatility, especially the sharp rise on May 20 and June 3. The price fluctuated several times in the range of 68,000 to 70,000, forming a relatively obvious box consolidation pattern.

Technical indicators:

MACD: The MACD histogram gradually shortened after May 20, but it is still in the positive area, indicating that the overall upward trend of the market has not changed. In recent days, the DIF line and the DEA line are close to sticking together, and there may be a dead cross signal, so we need to be alert to the risk of callback.

RSI: The RSI value is maintained above 50 most of the time, reaching a maximum of 66.3 (May 20), and is currently around 57.1. There are slight signs of overbought but it has not yet entered the extreme overbought range. It is necessary to pay attention to whether it will rise further or fall back.

EMA: EMA7, EMA30 and EMA120 are all showing an upward trend, and EMA7>EMA30>EMA120, a typical long arrangement, supporting the current upward trend. It should be noted that the price rebounded after touching EMA7 many times, indicating that EMA7 has a strong supporting role.

Trading volume:

On May 20, the trading volume increased significantly, reaching 366028. After that, the trading volume decreased, but it remained at a high level, indicating that the market was highly active.

In recent days, the trading volume has been relatively stable, with no abnormal increase or decrease. In combination with the price trend, the market sentiment is relatively stable. #5月非农数据即将公布