BTC 4 hours:

Bitcoin is in a technical rebound near 64K. As mentioned in the chart analysis of the master the day before, Bitcoin has formed an upward divergence.

But since the major support line was broken, a rebound would require momentum and volume from the bulls.

Since it is a technical rebound, there may be a readjustment. It needs to break through the main resistance before the view will change to a bullish rebound.

Resistance level reference:

First resistance level: 65850

Second resistance level: 66500

When the price of the currency breaks through the first resistance level, the probability of retesting 66,000 will increase (pay attention to the 20-day moving average trend at the 4-hour level).

The success of the retest of 66,000 depends on whether the price of Bitcoin can stand above 66,000 and trade sideways around 66,000.

Support level reference:

First support level: 65000

Second support level: 64360

At present, it can be judged that the first support level of 65,000 is temporarily held in the short term, so the master sets it as the short-term support level.

Currently, there is a positive line and a rebound. If Bitcoin can hold 65,000 during the adjustment, the probability of further rebound in the short term will increase.

Today's trading suggestions:

In today's trading, it is recommended to set a small range of 65,000 to 66,000 so as to flexibly arrange ultra-short-term transactions.

Since there is no particularly good news, I do not recommend easily concluding that the current price is the bottom and expecting a one-time breakthrough. Instead, we should pay attention to the price of the currency rising after the bottom is consolidated, so as to deal with ultra-short-term transactions within the range.

Please refer to these suggestions when trading

6.19 Master's short-term pre-buried order:

Long entry reference: 64000-64400 range, long in batches, defense 500 points, target 65000-65800

Reference for short entry: short in batches between 66500-66900, defense 500 points, target 65900-65000

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