[Yingbei Trend Quantitative Analysis of Bitcoin Trend on June 27]

1. K-line pattern:

- The K-line has shown obvious high fluctuations recently, and the price has been blocked near 70,000 many times.

- There have been large negative lines in recent weeks, especially the two weeks of June 17, 2024 and June 24, 2024, indicating that the market is under heavy selling pressure.

2. Technical indicators:

- MACD: Both DIF and DEA are in negative areas, and the MACD histogram continues to be negative, indicating that the current market is in a bearish trend.

- RSI: The RSI has retreated from the overbought zone and is currently hovering around 50, showing that the market momentum is weakening, but it has not yet entered the oversold zone.

- EMA: The short-term EMA7 (64740.52) has fallen below the medium-term EMA30 (57636.43) and is far away from the long-term EMA120 (40468.56), further confirming the bearish trend.

3. Trading volume:

- The trading volume increased significantly from May 20, 2024 to June 10, 2024, and then decreased, indicating that a large amount of funds entered the market during the early rise, while the trading volume shrank during the recent adjustment stage, showing a wait-and-see sentiment. Increase.

- The trading volume on June 24, 2024 was 112,969, which was a decrease compared to previous weeks, indicating that market participation was reduced.

[Trend Determination] BTC fluctuates at the bottom in the short term. After hitting the bottom and stabilizing, there is a stage of rebound. The rising trend line support point in October 23 is 57500, and the previous low and Fibonacci golden section 50% support is 56166.

[Analysis of pressure support level]

Buying point one: 58600 USDT (reason: small-level trend line support, the previous low near 58400 can be used as a stop loss point)

Buying point two: 57550 USDT (reason: the support point of the rising trend line, close to the integer point 57000 can be used as a stop loss point)

Buying point three: 56,200 USDT (reason: 50% support of the golden section, and close to the integer support of 56,000 points)

- Long stop loss point: 55,000 USDT (reason: 1,000 points below buying point 2 to prevent continued sharp decline after falling below)

Rebound target one: 62600 points, 4-hour Bollinger upper rail pressure

Rebound target two: 64200 points, the upper edge pressure level of the wedge triangle

Rebound target three: 65,000 points, daily Bollinger mid-track pressure

The strong pressure zone is 66200-67000 points. This range is also a fierce competition between the long and short parties. #币安合约锦标赛 #BTC☀ #趋势分析 $BTC