Analysis of the early trading on June 12
Over the past weekend, BTC's trading volume was still in a sluggish state, but there were rapid rises and falls in a short period of time. This behavior shows that it is dominated by market makers. The altcoin rebounded sharply, causing market fomo sentiment, but the trading volume was far less than before.
The trend in the early hours of Sunday still formed a 600-point fluctuation range in a short period of time, which is smaller than the range in the early hours of Saturday, which may mean that the dominance of market makers is gradually decreasing.
The overall trend is still bearish, with a volatile decline, breaking new lows, and then rebounding, repeating over and over again. The current hawkish speech by the Federal Reserve means that there will be no interest rate hike for the time being, but for the current market situation, a suspension of interest rate hikes may turn into an interest rate hike. Only if the Federal Reserve continues to raise interest rates can it push the bottom of the bear market to arrive, thereby accelerating the arrival of the bull market.
Trend direction: The trend is still bearish. The specific situation depends on the strength of the rebound in the afternoon. Basically, it will fall in a fluctuating upward trend.
Trading strategy: It is still recommended to short at high levels. Do not blindly chase the rebound before a clear judgment, because the risk is high. For spot trading, it is recommended to wait and see for the time being, especially the general rise of the Hong Kong sector does not easily allow people to open positions. Please note that the relevant trading strategy has been released, please pay attention to it!
Investment is risky, so be cautious when entering the circle
