[BTC] Clinton Daily Analysis June 6

24-hour trend [Up]

[Buy and sell points]

Buy point 1: 70500 USDT (close to the low point of the previous band, and close to the EMA (7) moving average support)

Buy point 2: 69500 ​​USDT (close to the lower point of the previous band, and near the integer mark, with strong support)

Long stop loss point: 69000 USDT (slightly lower than buy point 2, to prevent further decline after false breakthrough)

Sell point 1: 725 00 USDT (close to the integer mark above the recent high of 71714.8, there is a possibility of selling pressure)

Selling point 2: 73500 USDT (close to the next integer mark, considering that the market may continue to rise)

Short stop loss point: 74000 USDT (slightly higher than selling point 2, to prevent further rise after false breakthrough)

[Price trend analysis]

K-line pattern:

The recent K-line shows a clear upward trend, especially the strong rise starting from May 20, 2024. In recent days (June 3 to June 6), there have been continuous small increases, forming a relatively stable upward channel.

Technical indicators:

MACD: The MACD histogram is above the zero axis, and both DIF and DEA diverge upward, indicating that the current market is in a bull market. RSI: RSI is currently at 64.1, close to the overbought zone, but has not yet entered the extreme overbought state, indicating that there is still room for growth. EMA: Short-term EMA (7) > Medium-term EMA (30) > Long-term EMA (120), and all three are tilted upward, confirming the current upward trend. The price has also been running above EMA (7), showing strong characteristics.

Volume:

Since May 20, the volume has increased significantly, especially during the period of large increases (such as May 20 and May 21), indicating that funds are actively entering the market. The volume has fallen in recent days (June 3 to June 6), but it still remains at a relatively high level, supporting the continued rise in prices.