6-20 Bitcoin Analysis:

Currently, Bitcoin has been falling slowly from 720 to 640, forming a short structure overall. However, I think Bitcoin is currently in a large consolidation range. When Bitcoin breaks through the previous high of 720, there will still be a large rise. This is my medium- and long-term view, and it is also what everyone expects.

From the figure, we can see that Bitcoin is currently in a short structure. There is a FVG below that needs to be covered. I have told you before. At present, Bitcoin has covered half of it, but Bitcoin has not stood at a price of around 673 for a day, and it is still a short structure for a day.

So some short-term trading opportunities at present depend on whether you are bearish or bullish on Bitcoin. If you are bearish on Bitcoin, then the recent rebound and downward trend line of Bitcoin is a short position, of course! The most standard bearish mode is that it makes a false breakout on the trend line, then you can go short at this time

If you are bullish on Bitcoin, then the best potential bullish position is 635, which is also the bottom of FVG. Of course, if you think that 645 is a bottom at the moment and you can buy the bottom, then once it falls below 640, you have to stop loss. Once it falls below the big cake, it is very likely to fall to 635 or even 630

Whether it is long or short, just take a stop loss and do it with confidence. The last one is to wait and see. If Bitcoin does not rise or fall, it has been consolidating in a narrow range in front of the trend line. Once it breaks through, chase it directly with a stop loss at the bottom of the narrow consolidation area. Once this order is a real breakthrough, the profit and loss ratio is generally above 1:3#BTC走势分析 #BTC