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Crypto Circle Academician: The 6.13 Bitcoin Daily Big Gap Pattern Remains Unchanged, 4-Hour Short-Term Entry Guide for Highs and Lows! Latest Market Analysis and Trading Recommendations
Bitcoin current price is 63,800, a sharp drop directly shattered the bullish market illusion, with the price plunging from the high of 97,932 to the low of 59,080. Countless retail traders are caught deep in the bottom. Now it has rebounded to the 63,800 level, and the entire network is noisy with bulls and bears. Beginners don’t know when to enter or how much to set for stop-loss, while veterans are unsure if the rebound can continue. They look everywhere for market insights but only find ambiguous empty talk. The idea is actually simple: follow the trend. As long as there are no reversal signals in the downward trend, the approach is to press down at resistance levels, and other considerations are not necessary.
The daily K-line downward trend has not reversed. Multiple EMA lines are pressing down from above, with the 30 EMA acting as a medium-term strong resistance, currently about 5,000 points away from the price. The Bollinger Bands are opening downward throughout, with the price moving between the middle and lower bands. The lower band at 56,298 is the ultimate support on the daily chart. The MACD green bars are slightly shrinking, indicating a minor weakening of the downward momentum, but the two lines are still below the zero axis, with no golden cross reversal pattern. From the Fibonacci retracement, this rebound only touched the 0% to 23.6% low zone, representing a weak correction after a sharp decline, not a bottom reversal. The layered moving averages above will significantly limit upward space, and the overall downward pattern remains unchanged.
The 4-hour K-line shows a bottoming rebound structure, with short-term 15 and 30 EMA lines turning upward, and the price staying above the moving averages, indicating a warming short-term bullish atmosphere. The 60 and 90 EMA lines still hang above, forming strong resistance. The Bollinger Bands have shifted from opening downward to narrowing sideways, with the middle band at 62,548 serving as a short-term strong support, and the upper band at 64,359 capping immediate gains. The MACD lines remain above zero, with steady red bars indicating stable rebound momentum. The Fibonacci 23.6% resistance at 64,684 is the first short-term hurdle; if volume is insufficient to break through, the market is likely to turn back and test the 63,000 moving average support, limiting the short-term rebound height.
Short-term trading ideas: Follow the larger cycle trend, with quick stops and quick entries and exits.
Below 63,000 to 62,500 for bullish moves, stop-loss at 62,000, target 63,500 to 64,500.
Above 64,500 to 65,000 for bearish moves, stop-loss at 65,500, target 63,500 to 62,500.
Specific operations should be based on real-time market data. For more information, contact the author. The article may be delayed; use for reference $BTC at your own risk.