6.15 Monday Morning Bitcoin Analysis



This morning, Bitcoin retreated to 636 and entered a sideways consolidation pattern. At 5 a.m., it quickly surged to around 658, with the hourly chart breaking above the Bollinger upper band. It faced resistance near 658 and pulled back. Currently, the price remains above the middle Bollinger band, with the bands widening, indicating that the short-term bullish trend has not been broken. However, the KDJ indicator has entered the overbought zone, and RSI shows signs of bearish divergence, suggesting a technical correction is needed. The key support levels are in the 648-650 range; if broken, a retest of the middle Bollinger band may occur.

From recent US-Iran talks, market sentiment is bullish, but the momentum for chasing highs has weakened, and short-term volatility may increase.

Trading strategy: Focus on the resistance around 655-657 during the day. If the previous high cannot be broken, consider a light short position targeting 648. If support levels hold and volume increases again with an upward push, then follow the trend and go long. #比特币反弹 $BTC $ETH
BTC1.93%
ETH2.25%
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