#6.19 Wednesday Morning Thoughts
Today the US stock market is closed, so we don’t expect a big breakthrough for the time being
Yesterday’s volatility was not big, and it was still a trend of rising and falling
65,000 did not stand firm, and yesterday’s low even tested 64,000
Bulls are weak, and bears are falling in a row
At the morning close, the daily 120-day moving average still failed to hold the support
The midnight rebound to the 65,200 line, bulls began to lose strength
The early opening continued to fall back and fell below the 65,000 line
Obviously, Bitcoin’s unilateral shorts are continuing today
The overall performance is weak, and there is still room for decline within the day
In the early trading, first short at the rebound high of 65,200
Short-term shorts can be seen below 64,000
Technically, the main focus is on the daily line’s continuous negative trend
This kind of shock slow decline The trend needs a big drop to pull the Bollinger Bands apart
The bears can only show the bottom signal
Such a continuous shock and decline will not show the bottom signal
The rebound strength has appeared overnight, but it did not continue in the morning
There are already falling signals
Use yesterday's rebound high of 65800 as a defensive point
It is still an opportunity to short in the day
Focus on 65200 to do 🈳, and the target is below 64000
Defense 65888 is enough
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