Bitcoin June 25th [Market Analysis]

CN
9 hours ago


📅 Bitcoin June 25th [Market Analysis]


🔍 Market Analysis:

From a daily perspective, Bitcoin is still operating within an upward channel, and the trend has not been broken. However, it is important to be cautious as a "double top pattern" has emerged on the four-hour chart, indicating a potential short-term weakening in the market.

Technical details observation:

  • In terms of structure, the current price has tested the 106500 level twice, forming a typical double top pattern;

  • The MACD indicator has formed a death cross above the zero line, with green bars decreasing in volume and starting to turn red, suggesting that bearish momentum is strengthening;

  • The neckline is around 105200; if it breaks down effectively, the double top pattern will be confirmed, potentially leading to further declines.


📉 Trading Strategy:

📌 Key Level Judgments:

  • Break above 106500 and hold → Bullish, with short-term potential to continue testing the upper boundary;

  • Break below the 105200 neckline → Double top confirmed, can continue to short in line with the trend.

🎯 Suggested Trading Strategy:

  • Mainly observe within the range, wait for a clear direction before entering;

  • If the neckline is broken, consider light short positions, and add to the position after confirming the pattern;

  • If it breaks above 106500 and stabilizes, consider short-term long positions, targeting around 108000.


**—— Crypto Master Community, a community focused on technical analysis. Friends with any questions about operations or trends can communicate and learn with me! Let's share and profit together! Remember, Crypto Master is here 24/7, follow Crypto Master to stay on track!

**[The above analysis and strategies are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of Crypto Master.]

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