6.14 Morning Bitcoin and Altcoin Analysis



On the 4-hour chart, BTC broke below the Bollinger middle-band support. The channel diverged downward, and the overall market remains weak. A moving-average death cross, combined with indicators pulling back from high levels, has created a bearish-signal resonance. The following rebound is only a technical correction; in terms of trading, the main focus should be shorting the rebound while it faces resistance.

Trading Suggestions

Bitcoin: 65,000-66,500 short on pullbacks, target 63,500
Altcoin: 1,690-1,740 short on pullbacks, target 1,650
$BTC $ETH $LTC
BTC0.93%
ETH-0.22%
LTC0.47%
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CaptainChenOfTheEncryptionTeam
· 8h ago
6.14 Morning Bitcoin and Altcoin Analysis

In the 4-hour chart, BTC broke below the middle Bollinger Band support, the channel is diverging downward, and the overall market is weak. The moving averages are dead-crossing, combined with indicators pulling back from high levels, indicating a bearish signal resonance. The subsequent rebound is only a technical correction; trading should focus on shorting the rebound resistance.

Trading Suggestions

Bitcoin: Buy at 65,000-66,500, target 63,500
Altcoin: Buy at 1,690-1,740, target 1,650
$BTC $ETH $LTC
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