6.12 Evening Bitcoin Market Analysis ~ Pay attention to the daily Bitcoin mid-band support; if it doesn't break down, the bulls will make another rebound!

CN
孟晓瀚
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2 days ago

In the early morning, Bitcoin continued to show a fluctuating downward trend. Currently, on the daily chart, the price is once again operating near the middle band of the BOLL indicator, with the MA30 moving average overlapping the middle band, indicating strong support around the 106500 level. Although the MACD fast and slow lines have once again converged, the KDJ three lines remain above the bullish zone. Considering the 12-hour chart, the current price of Bitcoin has a certain gap due to the intraday decline compared to the MA5 moving average. A rebound to fill this gap is expected in the evening, followed by continued fluctuations and pullbacks.

On the 4-hour chart, the current price is operating near the lower band of the BOLL indicator, with the MA5 and MA10 moving averages exerting downward pressure. However, there is no obvious downward opening trend at the lower band. Additionally, the TD indicator has reached TD8, and when looking at the hourly chart, the downward sentiment for Bitcoin is showing signs of easing. With the TD indicator aggressively moving towards a TD13 reversal trend, it suggests that the current market may begin to rebound. From evening to early morning, it is crucial to pay attention to the resistance level above 108500-109000. A volume breakout above this resistance level is necessary to continue the rebound. Therefore, for operations from evening to early morning, my personal view is to focus on a low-dip strategy.

Operational Strategy: Lightly buy near 107000, add to positions on a pullback to 106300. Target: 108500-109000. Stop loss at 106000.
For high short strategies, wait for a rebound to provide further guidance.
For the short-term trend, this should be sufficient, and I will continue to follow up.
Personal views are 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 exercise caution when entering the market. Analysis is not easy; feel free to like and follow the public account for surprises!

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