【BTC】Clinton Daily Analysis June 5

24-hour trend [up]

【Buy and sell points】

Buy point 1: 70000 USDT (integer support, close to EMA7 moving average)

Buy point 2: 69000 USDT (nearest low, with strong buying support)

Long stop loss point: 68500 USDT (slightly lower than the previous low of 67805.9, to prevent false breakthroughs)

Sell point 1: 72000 USDT (integer pressure level, close to the recent high of 71389.8)

Sell point 2: 73000 USDT (further upside space, considering the strong upward trend of the market)

Short stop loss point: 73500 USDT (slightly higher than sell point 2, to prevent false breakthroughs)

【Price trend analysis】

K-line pattern:

The recent K-line has shown a clear upward trend, especially since May 20, 2024, with many long positive lines. On June 4 and June 5, 2024, the market closed positive for two consecutive days, and the highest price continued to set new highs, showing strong upward momentum.

Technical indicators:

MACD: Both DIF and DEA are running above the zero axis, and DIF continues to diverge upward. The MACD histogram turns from negative to positive, indicating that the market is in a bull market. RSI: The current RSI is 62.5, close to the overbought zone, but has not yet entered the extreme overbought state, and there is still room for further growth. EMA: Short-term EMA7 (69363.0) > Medium-term EMA30 (67378.9) > Long-term EMA120 (61806.6), the moving average is in a bullish arrangement, supporting the price to continue to rise.

Trading volume:

On June 4, 2024, the trading volume was significantly enlarged to 216100, showing that funds are actively entering the market. On June 5, 2024, the trading volume fell back to 44114, but it still maintained a high level, indicating that the market participation is high. #StartInvestingInCrypto #BTC走势分析