6.14 Bitcoin Intraday Analysis

In terms of operation, focus on shorting at high levels and buying at lows. You can consider short positions around 647 during price rebounds, with an initial target of 635.

From the 4-hour chart, Bitcoin is currently in a high-level consolidation phase after an upward trend. The price is steadily rising along the moving averages but faces clear resistance near the previous high of 647. The initial signs of volume-price divergence at high levels are emerging.

Technically, although the MACD indicator's DIF is still above DEA, the red bars are continuously narrowing, indicating a significant weakening of bullish momentum. There is a need for a correction of the bearish divergence on the 4-hour timeframe; the candlesticks at high levels are consecutively showing upper shadows, suggesting that selling pressure above is gradually easing. The short-term bullish attack intent has clearly weakened. #币圈 Blockchain @# # ##TradFiCFD黄金大师赛 #Marvell大涨超11%领涨芯片板块 #Bitmine再次买入2.5万枚ETH $BTC