Analysis for the evening of June 6th


BTC current price is 60,926.5 USDT, with a slight intraday increase of 0.12%, and an intraday fluctuation range of 59,080.0-61,985.1 USDT; net capital inflow is -$485 million, indicating a slight net outflow of funds, with large sell orders placed on the order book, showing obvious resistance above.
Bollinger middle band is at 62,854.6, upper band at 66,720.8, lower band at 58,988.3, with the price operating below the middle band and close to the lower band, the Bollinger channel is opening downward, indicating a clear medium-term bearish trend.
MA10, MA20, and MA89 all are above the current price, with moving averages arranged in a bearish pattern, forming multiple layers of price resistance.
DIF value is -382.2, DEA value is -550.0, the two indicator lines are still below the zero axis, with the bars turning from green to red, indicating that short-term downward momentum is marginally converging, but the overall bearish trend has #BTC not yet reversed.
BTC-0.62%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned