Zhang Lihui edited at 0:26 AM Beijing time on June 24: Today's Bitcoin market analysis and trading suggestions:
Continuing to look at Bitcoin, the hourly chart shows a high spike in the evening, forming an upper pin after reaching the upper band, followed by a pullback. The current level of the Bollinger Bands is intentionally moving down again, with the fast and slow lines converging about to form. Pay attention to the strength of the expansion after the death cross forms and the volume strength below the zero axis to determine whether to hold short positions! From the KDJ and RSI perspectives, it has not yet entered the oversold zone, indicating that the downward space has not yet been exhausted!
On the 4-hour chart, the Bollinger Bands channel may maintain a parallel trend, with the lower band not dropping below 98,200; therefore, there is no need to look too far downwards in the short term. The current level candlestick may again break below the middle band support, with the KDJ three lines encountering resistance and turning down, intending to converge, and the RSI three lines are similar, with weak volume above the zero axis. Be cautious about chasing long positions at high levels; as expected, this golden cross will not last long, and there is a high probability of a reversal and divergence again. If the middle band cannot hold, we can first look at the MA450 position, which is around 99,700. If it breaks below MA450, you can continue to hold until the lower band approaches yesterday's low around 98,400 for defensive strength! For those who have not yet entered, continue to watch the 4-hour EMA300 and MA380 above, with the EMA30 crossing pressure position, which is near last night's high for a second entry under pressure;
Suggested short entry point: Short in the range above 102,000; stop loss at 700 points; target 100,500-99,700. If it breaks to 99,700-99,400, you can continue to hold below 99,000;
Suggested long entry point: Need to pay attention to effective support below the 4-hour MA450 and daily MA380 for entry, with a target of 1,000-2,000 points, not to be too greedy! Specific operations can be consulted with Lihui based on real-time market changes for layout entry!
The specific entry opportunities at the above points can be based on real-time notifications from Lihui! The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with actual operations, with real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with operations!
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May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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