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Tuesday, June 9 Morning Analysis
Bollinger Bands are narrowing, with the price operating near the middle band, indicating that short-term bullish and bearish forces are balancing, and the market is in a preparatory stage for change.
As for the moving average system, the short-term MA10 and MA20 are intertwined with the price, while the mid-term MA89 remains upward, suggesting that short-term oscillations do not change the medium-term upward trend.
The MACD indicator shows DIF crossing below DEA, with the green bars expanding, indicating that short-term upward momentum is weakening; the KDJ indicator is declining into a weak zone, facing stage-wise correction pressure.
A personal suggestion: around 63,800-64,600, with a target near 63,000-62,200, paying close attention to around 62,600; if broken downward, continue to look lower; if not broken, expect a rebound. #BTC #ETH #BTC走势分析