June 11th $BTC Evening Analysis


Bollinger Bands: The price is encountering resistance near the upper band and pulling back, now hovering between the middle and upper bands. The Bollinger Bands are opening and leveling off, indicating that the short-term rally is temporarily taking a break and entering a high-level consolidation phase.
- Moving Averages: The short-term moving average is pressing above the price, while the medium- and long-term moving averages below still provide support. The overall trend remains upward, but the momentum for a short-term push has weakened.
- MACD: The upward momentum is weakening, the previous golden cross has turned into a death cross, and the green bars are beginning to appear, indicating that the bullish force is temporarily taking a break, with possible pullback or sideways movement.
Yifan personally recommends shorting directly at 63,000-63,500, with targets around 62,000-61,500.
BTC1.81%
ETH1.27%
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