Coin Circle Li Ying: 6.12 Bitcoin (BTC) Latest Market Interpretation and Operation Suggestions

　　Family, the current price of Bitcoin is 62800, the 2-hour chart trend is quite exciting! Previously, it fell from 78000 all the way down to 59130, and now it is clearly building a bottom and rebounding. The short-term moving averages are all turning upwards, and the price is firmly standing at a key position, just like a seedling that has weathered the cold winter and is beginning to sprout new buds. If this wave can stabilize, the probability of a subsequent upward move is not small,

　　We need to keep a close eye on the rhythm to find opportunities to enter; in the technical indicators, the EMA short-term 7 and 30-day moving averages have formed a golden cross, and the price is above the moving averages. Although the mid-term 120-day moving average is still pressing down, its slope is flattening, indicating that the downward momentum is weakening; in the MACD indicator, the DIF has crossed above the DEA to form a golden cross, and the red bars are continuously expanding, indicating that the bullish strength is gradually increasing; the Bollinger Bands have narrowed and are opening upwards, with the price near the upper band and solid support at the lower band, indicating an overall technical outlook leaning towards bullish resonance

　　Short-term Reference:

　　Take a position at 62500-62000, exit below 61500, target above 63000 aiming for 63500

　　Take a position at 64000-64500, exit if it falls below 65000, target below 63000 aiming for 62500

　　The above content is exclusively original by Li Ying, please indicate the source when reprinting! Article publication review may be delayed, and the market changes rapidly; the above suggestions are for reference only and risk is to be borne by yourself. I hope Li Ying's appearance will be helpful to you!

　　The content of the article is time-sensitive and is for reference only; risk is to be borne by yourself

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