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K Laoshi's Daily Trading Insights:
Bitcoin trading ideas for June 19
Market Analysis:
Bitcoin has been consolidating around 110,000 for a month. Currently, from both the perspective of price action and the perspective of manipulation by big players, this is a bearish trend, and a significant decline will soon begin.
The bullish signal that appeared on the 4-hour chart last night has issues; it is not a bullish reversal signal but rather a sign of weakness in the bulls. As long as bearish candles continue to appear here, short positions can enter.
Trading Plan:
10.5 is under pressure to form a short signal, you can enter the short.