For Bitcoin's 4-hour chart, the price is bouncing between the 61000-63000 range. Recently, we've seen a move from the 61000 level, but it pulled back slightly and is currently around 62600. The DIF and DEA have formed a golden cross below the zero line, and the MACD histogram has flipped from negative to positive and is continuing to expand, indicating that short-term bullish momentum is strengthening.
Trading Suggestions:
Bitcoin: Buy in the 61800-62300 range, targeting 63700-64700.
Ethereum: Buy in the 1600-1630 range, targeting 1750-1850.
Bitcoin's 4-hour chart has been consistently bearish, with the price center continually descending, indicating strong selling pressure. The latest candlestick closed near its lowest point, and the sell pressure remains intact. Looking at the technical indicators, the MACD shows the DIF and DEA forming a death cross below the zero line and diverging downwards, with the MACD histogram's negative values expanding, indicating strong bearish momentum.
Trading Recommendations:
Bitcoin: Short in the 62000-61500 range, targeting 60000-59000
Ethereum: Short in the 1650-1620 range, targeting 1500-1400
Downward trend continues, we gotta ride the market wave to go further! On 6/9, the southbound strategy aimed for BTC at 1700 points, snagged 50 points on altcoins!
On the 4-hour chart, the latest candlestick is a big bearish candle, closing near the lowest point, indicating strong bearish momentum. Previously, multiple candlesticks showed long upper wicks, signaling heavy selling pressure above, with price resistance around 63500. The DIF and DEA are trending upwards in the negative zone, but the MACD histogram is shrinking, suggesting that the short-term rebound momentum is fading, and bears may regain control.
Trading Suggestions:
BTC: Short from 63500-63000, targeting 61500-60000.
On the 4-hour chart, we saw a bullish candlestick with increased volume in the early hours, indicating short-term rebound momentum. However, the next two candles are bearish with small bodies, especially the latest candle closing near the lows and with very low trading volume, signaling a loss of rebound strength. Both the DIF and DEA are operating below the zero line, and the MACD histogram is shrinking from positive values, showing a weakening of short-term rebound momentum, while the overall trend remains bearish.
On the Bitcoin 4-hour chart, after a series of bearish candles and a significant drop, the last two candles are showing strong bullish momentum, with the closing price near the highs, indicating a short-term recovery in buying pressure. The DIF line has crossed above the DEA line, and the MACD histogram has turned positive and is continuing to expand. However, both the DIF and DEA lines are still far below the zero line, suggesting that the overall market trend remains bearish.