June 27th: Bitcoin should beware of market changes during the day, and the timing of the move needs to be waited
I like what Mr. Qian said very much, having a sword in hand and not using it are two different things. Only those who dare to show the sword in their hands can win. The road is under their feet, and they always have the right to choose in their own hands.
BTC/Daily Chart
At the daily level of Bitcoin, although it closed in the negative yesterday, the overall decline was not very strong. After the big negative on Monday, the small K rebounded weakly for three consecutive days, continuing the weak correction. This is a common technical pattern. Generally, after the big negative is smashed, it will continue on the second day. At least there will be a new low. Yesterday's pullback was still in the lower track oscillation range. At the same time, we should also pay attention to the downward force. If it does not break the new low, it means that it is not very weak. In this situation, it is easy to fall into interval oscillation. Then where this round of weak correction can continue is the focus of subsequent thinking. Refer to the 60600~60800 area, which is also the stop line of yesterday's decline. It is also the first time to touch the bullish point of considering the reverse hand stabilization, because the decline is ultimately just a correction, and the main trend remains bullish.
BTC/4h chart
Bitcoin 4h level, from the chart, the K line is a continuous decline, the price fell under pressure from 62500, the trend is weak, but this trend does not have much continuity, but shows a weak decline, there is further upward momentum, as mentioned in the article yesterday, it is necessary to pay attention to the 60600 above, there is a high probability of being in a certain range of shocks, because one of them is likely to become a short-term turning point, proving that the idea of short-cutting is not a problem.
BTC/1H chart
Bitcoin 1h level, the current support is around 60600 below, and the upper resistance is 62500. If the white market maintains a shock upward pattern today, it is very likely to directly pull up and break through the 62500 resistance level in the evening, and the strong pressure is around 63500. At the same time, it is reminded that if you want to keep more bottom positions in the band, just move the stop loss downward.
Strategy 1: Go long in batches when the price falls back to 60800~60500, stop loss at 60000, and hold the price after the price breaks through 62000~62500.
The above is a personal suggestion for reference only. Investment is risky and trading should be done with caution.
Posting is delayed and the market is changing rapidly. The points mentioned in the article are not a basis for copying. Learn more about the market and order resolution. The real-time strategy for empty orders shall prevail. $BTC
