6.9 Midday Bitcoin Market 🍜 Poetry Viewpoint


MACD golden cross continues, can Bitcoin break through the 64,000 level?
Bitcoin this morning relied on the 62,000 level to test the bottom and rebound, strongly breaking through the middle Bollinger band and stabilizing at 63,363, confirming the MACD bullish divergence signal, and verifying 59,080 as the stage bottom.
The 4-hour timeframe is in an oversold rebound correction phase, with the price stabilizing above the middle Bollinger band and the MACD crossing above the zero line with increased volume, indicating the exhaustion of the bears and the strengthening of the bulls' momentum.

Resistance level: around 64,000-64,500.
Support level: around 62,000-62,500.

Trading Suggestions:
1. You can attempt a short position on a pullback near 63,000, with a stop-loss below 62,500, targeting 64,000.
2. Wait for an effective breakthrough above 64,200 and a stable hold before following the trend, to prevent false breakouts from triggering a short position. $BTC $ETH
BTC-0.49%
ETH0.24%
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