#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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