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$BTC Crypto Circle Li Ying: 6.16 Bitcoin (BTC) Latest Market Analysis and Trading Suggestions
Family members, Bitcoin is currently at 67,000. From the chart, it just experienced a sharp decline and has stabilized with a rebound. The short-term trend feels like a narrow escape from danger. It previously dropped to around 59,130 before stopping the fall. Now the price has risen above 64,000 and broken through short-term moving average resistance, indicating that the bulls are starting to gain strength. However, the area between 67,000 and 68,000 is a previous dense trading zone with significant resistance. Don’t rush to chase the high; wait for a pullback to confirm support before entering the market for more stability. Regarding indicators, the EMA7 has crossed above EMA30 to form a golden cross, showing short-term bullish dominance; MACD’s DIF is still below zero, but the histogram has turned from red to green and continues to expand, indicating that momentum is recovering; the middle band of Bollinger Bands at 65,105 is being held steady by the price, with the upper band at 66,905 nearby. If it can break through effectively, the upside space will open. Overall, the trend has shifted from bearish to bullish, but beware of false breakouts.
Short-term reference:
Buy at 65,500-65,000, exit if below 64,500, aiming for above 66,500 and targeting 67,500.
Sell at 67,800-68,300, exit if below 68,800, aiming below 66,500 and targeting 66,000.
The above content is exclusively original by Li Ying. Please indicate the source when reprinting! Due to delays in article review and publication, the market changes rapidly. The above suggestions are for reference only; trade at your own risk. We hope Li Ying’s insights will be helpful to you!
The content is real-time and for reference only. Trade cautiously. #预测世界杯西班牙VS佛得角