Mr. Coin Circle: June 20 Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday rebound strength has weakened, briefly breaking below to test the support below this morning, and the current price is running around the 62900 position. Looking at the short-term hourly chart, the market is fluctuating near the middle track, with the Bollinger Bands opening downward, the large bearish channel not reversing. Fortunately, the low point support at 62232 has held, the MACD green bars continue to narrow, and the KDJ is forming a golden cross at a low level, indicating a short-term corrective rebound. However, remember this is only a weak rebound, with the upper pressure at the 64000-64500 range being the first strong resistance, which is hard to break through in one go. The trend is maintaining fluctuating consolidation.

Currently, both bulls and bears are in a stalemate, with no signs of breaking through in the short term, so we expect the fluctuating market will continue for a period of time. Therefore, our strategy is high short and low long. For the upper pressure, pay attention to the 64500-65000 area, and for the lower support, watch the 62000-61500 area. Follow Mr. Coin for real-time market analysis.

June 20 Bitcoin Short-term Reference:

Sell in the 65500-64500 range, protect at 67500, stop loss 500 points, target below 73500

Buy in the 61300-60300 range, target above 62500, stop loss 500

There may be delays in sending these messages. The strategy suggestions are for reference only. Market conditions change rapidly, and regardless of how confident you are in market judgments, always manage your profit-taking and stop-loss, securing your gains.

June 20 Ethereum Short-term Reference:

Sell in the 1815-1785 range, protect at 1870, target below 1730,

Buy in the 1560-1610 range, protect at 1450, target above 1660,

There may be delays in message delivery. The strategy suggestions are for reference only. Market conditions change swiftly, and regardless of your confidence in market judgments, always manage your profit-taking and stop-loss, securing your gains.

For more real-time trading strategies, online technical learning, and strategies for getting out of positions daily, you can follow the mentor's public account (Mr. Coin Talks About Coins) to find out how to add: the first ten each day can receive free strategies for getting out of positions.

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