Bitcoin June 19th [Market Analysis]

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4 hours ago

🏧#Bitcoin June 19th 【Market Analysis】

From the current market perspective, after experiencing four consecutive bearish candles on the four-hour chart, there has been a significant bullish rebound, but it has not recovered the overall decline, indicating insufficient sustainability of bullish momentum. The MACD fast and slow lines are showing an initial turn below the zero axis, but a golden cross has not formed, and the histogram shows a noticeable decrease in volume, indicating weak rebound momentum and a lack of foundational continuity. Currently, the middle band of the Bollinger Bands is under pressure, with bears controlling the short-term trend.

Trading Plan: Pay attention to price action at 105,000, with a strategy of shorting high and buying low.

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