6.12 Early morning Bitcoin market analysis ~ Bitcoin continues to experience high-level fluctuations and adjustments, how should we operate in the short term?

CN
孟晓瀚
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1 day ago

The daily Bitcoin price continues to experience slight range fluctuations. Currently, looking at the daily chart, the BOLL bands are starting to flatten out, with the upper band showing signs of downward pressure. Although the MACD and KDJ indicators are showing a bullish resonance and upward trend, the gap between the price and the 5-day moving average has not yet been closed, which is the only risk at present. Combining this with the 12-hour chart, after reaching TD9, the price is running below the 5-day moving average, and the bullish momentum of the MACD is beginning to shrink. The KDJ has shown a desire to turn down three times. If by tomorrow morning's close, a K-line forms with an upper shadow and the energy bars change from red to green with the TD indicator moving to green TD1, it can be confirmed that Bitcoin's current rebound will present a pullback opportunity, with current support levels at 108300-106800.

On the 4-hour chart, after the close in the early morning, Bitcoin is showing a mild fluctuation adjustment relying on the 5 and 10-day moving averages. The MACD bullish momentum is starting to shrink, and the fast and slow lines are showing signs of divergence, indicating a potential change in trend. Looking at the hourly chart, the current trend is leaning towards high-level range fluctuations. The resistance levels are referenced at 110500-112000. Therefore, for operations in the early morning, my personal view is to first go high and then low.

Trading strategy: Rebound at 110200-110700, target: 109000-108300, stop loss at 111200.

For short positions, reference levels are at: 108300-107500, target: 109500-110500.
For the short-term trend, this should be sufficient, and I will continue to follow up.
This personal view is for reference only; there may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be based on real-time guidance. Please proceed with caution when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!

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