June 24th: After Bitcoin's deep decline, the price fluctuates and lingers, brewing a big market!
BTC/Daily Chart
On the daily level of Bitcoin, the price fell all the way to 63379 last Friday. After two days of weak shock correction over the weekend, it is expected that the price of the currency will continue to fluctuate and brew today, so as to gather more chips. Therefore, it is believed that it is still difficult to continue the weak decline directly this morning. After all, there was no actual breakthrough after multiple attempts at weakness on Friday. It is possible that its correction method will change from the shock decline channel to the parallel channel, and it is also necessary to pay attention to today's closing pattern for further confirmation.
BTC/4h chart
Bitcoin 4h level, from the chart, Friday's K-line stopped falling and oscillated and corrected from 63379. Yesterday's oscillating upward resistance was near 64500. So there are two most likely trends today. 1. After reaching the low point of 63379, it will rebound quickly, but the probability of this is not too high. 2. Maintaining the current status quo, the oscillation range will slowly move up to around 64800. In this case, it is easy to think that the strong breakthrough of the bulls will be a short-term illusion, so the price will fall rapidly. Therefore, the US market can further confirm the confirmation of the long and short directions. Then the idea of doing more before the US market is the most reasonable.
BTC/1H chart
Bitcoin 1h level, the original plan is to wait for the support around 63300 in the chart to be considered bullish, the upper resistance is 66500, and it moves down to around 65500. The key to the 65500 downward channel trend line is also the selling point and short position. It depends on the strength of the US market. Conservatively, you can look at the bearish idea around 66500
Strategy 1: Go long after stepping back to 63600, stop loss at 63300, and target around 65000~65500
The above is personal advice for reference only. Investment is risky and trading should be cautious
Posting is delayed. The market changes rapidly. The points mentioned in the article do not have a basis for copying. Learn more about the market and solve the order. The real-time strategy of the empty order shall prevail
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