Amazing! The latest Bitcoin market analysis and reference suggestions from the academicians of the currency circle on June 12 are like magic!
Let’s review the market first. The short position at the current price of 70,000 given in yesterday’s article finally landed at 69,300. Since the general trend is short, the trend will be adjusted back to the pressure level before considering placing a short position. Unfortunately, the trend has not been adjusted, so I did not choose to enter the market after the short position was closed during the day.
Let’s look at the market. As of more than two o’clock in the morning before the release of the article, the current price of Bitcoin is around 67,000. The lowest has fallen below 66,000, and it has rebounded more than a thousand points. It has not been blocked. Let’s see where the short-term rebound will stop, and then choose to layout. You can see that the daily K-line has fallen below the EMA60 support point of 66,500. Now there is a callback. You can pay attention to the pressure level of EMA30 near 68000. As long as the pressure is effective, you can start to arrange short positions. KDJ spreads downward, and the Bollinger Bands start to move downward after closing a small mouth. The K-line falls below the lower track support of 66600, forcing the lower track line to move downward. After stepping back on the upper pressure level, there is a trend to continue to break the previous low. You can pay attention to it. MACD shrinks and moves downward. DIF and DEA move downward from high positions. The overall trend is short.
After the four-hour K-line closed negative continuously, it was blocked by the 66000 support, which is the golden section line 0.618 support and began to rebound, indicating that the support is effective. KD J started to close upward after being blocked, and the short position showed a step-by-step decline. After the K line fell below the lower track line of 66,800, it returned to the Bollinger channel. The middle track resistance point was 69,000. MACD shrank and increased. The trend of DIF and DEA spreading downward from low positions has not eased. The overall idea is to go short mainly when stepping back on the upper pressure position, and to go long at low levels.
Short-term idea reference:
Short entry point reference 68,000 to 68,300 range, defense 69,000 to 69,400 to cover short position, stop loss 400 points, the first exit point is around 67,000, and the second exit point is around 66,000 to pocket
Long entry point Refer to the golden section line 0.618 support 66200 to 66000 interval layout, stop loss 400 points, exit point reference 67000 to 67300 interval, second exit point reference 68000 to 68300 interval pocket, the suggestion is for reference only, risk at your own risk