【BTC】Clinton Daily Analysis June 24

24-hour trend [down]

【Buy and sell points】

Buy point 1: 62000 USDT (close to the previous low of 62160.72, and there is support at the integer level)

Buy point 2: 61000 USDT (further down to a stronger integer level, with a large buying possibility)

Long stop loss point: 60500 USDT (slightly lower than buy point 2, to prevent false breakthroughs)

Sell point 1: 64000 USDT (close to EMA7 and previous high 64143.56, with pressure)

Sell point 2: 65000 USDT (close to the previous high of 64869.99, with selling pressure)

Short stop loss point: 65500 USDT (slightly higher than sell point 2, to prevent false breakthroughs)

【Price trend analysis】

K-line pattern:

The recent K-line has shown a clear downward trend, especially since June 18, with many large negative lines. There was a rebound between June 12 and June 14, but then it fell back again.

Technical indicators:

MACD: Both DIF and DEA are below the zero axis, and the MACD histogram continues to be negative, indicating that the market is in a bearish market. RSI: The RSI value has gradually decreased from above 50 and is currently close to 30, indicating an oversold state, and there may be a technical rebound. EMA: The short-term EMA (7) has crossed the long-term EMA (30) and is far below EMA (120), further confirming the current downward trend.

Volume:

The volume on June 18 was significantly enlarged, accompanied by a sharp drop in prices, indicating heavy selling pressure. The volume decreased in the following days, but remained at a high level, indicating that market sentiment is still cautious. $BTC