Cryptocurrency Expert: 6.2 Bitcoin 4-hour bottom divergence trick? BTC retracement hides dangers, where is the next support level? Latest market analysis and trading suggestions

　　Current Bitcoin price is 71500, during this wave the market has been swept away, as per the usual rules, strict stop-loss is necessary, normal losses are expected during trading, just don't hold back, strictly adhere to the rules, if the trend is unclear, do not trade, if signals are not complete, do not trade, do not trade without setting a stop-loss! Surviving in the cryptocurrency market is a thousand times more important than making quick money; after this wave of Bitcoin broke below 72000, I, like everyone else, was forced off the train, now we are at the 70000 level,

　　The daily K-line has a decrease of 2.83% within the day, and has already broken below several short-term moving averages including EMA15 and EMA30. Moreover, the TD sequence has produced the 6th green K, with downward momentum still being released. The MACD indicator's DIF and DEA are continuously going down, with green bars increasing, showing a stronger downward force; the middle line of the Bollinger Bands at 76338 has formed strong resistance, the price has pulled back to the lower line around 71768, currently barely holding the lower line support; once it breaks below, the downside space will open up to the integral level of 70000.

　　The four-hour K-line trend shows a clear descending channel, with prices running along the lower line of the Bollinger Bands, the moving average system is arranged downward, EMA15 to EMA120 have all turned downwards, forming layered resistance. Although the MACD indicator shows signs of bottom divergence, the green bars have begun to shrink, with slight rebound demand, but the height of the rebound is limited; the middle line of the Bollinger Bands around 73363 is the first resistance level. The TD sequence has produced the 9th green K, with the possibility of a short-term stop and rebound, but the overall trend remains bearish, and the rebound is likely to be a weak retracement.

　　Short-term strategy reference: Align with the major cycle trend, small stop-loss for quick entry and exit

　　Downward target at 71300 to 70800, stop-loss at 70300, target looking at 73000 to 73500

　　Upward target at 73000 to 73500, stop-loss at 74000, target looking at 70500 to 70000

　　Specific operations should be based on real-time market data; for more information, you can consult the author. There may be a delay in article publication, the suggestions are for reference only and the risk is borne by oneself

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