Yesterday, the bitcoin price failed to break through the 66,000 USD mark several times, and once dropped to the intraday low of 65,139. ​​In the article, the author gave a strategy of going long at the 65,100-65,300 level, and successfully stopped profit at the 67,000 level with a profit of more than 1,800 points. Although he did not grasp enough profit, investment requires a safe haven. I hope that he will continue to work hard next time and take more profit points. I wish you all a profit and win in every transaction.

Bitcoin four-hour chart

According to the Bitcoin 4H level chart, the DIF line and the DEA line are below the 0 axis, and the DIF line has been on a downward trend in recent times. The MACD histogram shows that the green histogram is gradually enlarging, indicating that the current market is in a weak position and the downward momentum is increasing.

 

Secondly, through the KDJ indicator, we can see that the K, D, and J line values ​​are at a relatively low position, and the J line crosses the K line value and the D line value, forming an oversold pattern, but the overall pattern is still weak.

 

Finally, according to the Bollinger Band indicator, the current price is between the middle and lower tracks of the Bollinger Band, but close to the lower track. This pattern shows that it is currently in an oversold state. The Bollinger Band opening has widened, indicating that market volatility has increased, which means that there is a possibility of a rebound in the short term, and the range fluctuations are relatively large.

　

 

According to the Bitcoin 1H level chart, the current DIF line is above the DEA line, but the histogram is still green and gradually shrinking, which indicates that there is a possibility of a rebound in the short term, but the strength of the rebound is limited.

 

Secondly, looking at the KDJ indicator, the K-line value and the D-line value are currently hovering at low levels, and the J line begins to turn upward, which indicates the possibility of a rebound in the short term.

 

Finally, according to the Bollinger Band indicator, the current price is running near the lower track of the Bollinger Band, and the Bollinger Band is beginning to close, which shows that the market volatility is beginning to weaken, and there may be a volatile market or a small rebound afterwards.

 

Comprehensive analysis: The 4H level shows that it is still in a downward trend, but the signals of KDJ and the lower track of the Bollinger Bands show that there may be a certain rebound in the short term. It is recommended to wait for more confirmation signals, such as the MACD histogram turning positive or the KDJ indicator rising further. The 1H level shows that Bitcoin may have a short-term rebound, but the overall trend is still weak, and it is necessary to pay attention to the subsequent changes of MACD and KDJ.

　

In summary, the great master gives the following suggestions for reference

 

Suggestion 1: Go long at 64430, target at 65300-65800, defense at 64000.

Suggestion 2: Short at 66000, target 64400-64000, defense 66500.

 

　

Writing time: (2024-06-19,01:40)