$BTC #预测世界杯西班牙VS佛得角 Crypto Circle Academician: Will the Bitcoin rebound on 6.16 end or continue to recover? Latest market analysis and trading suggestions

Bitcoin is currently priced at 66,500. How much did the northbound move catch this wave? A reminder to everyone: take profits, take profits, don’t be blinded by short-term rebounds. I only caught 3,000 points in the short-term northbound move because the larger cycle has not yet emerged from the downward shadow. This is just a technical correction after an oversold condition; do not hold heavy long positions chasing the rally. Volatile markets are the most exhausting; small fluctuations can easily cause frequent losses. Don’t open new positions frequently until key support and resistance levels are reached. Friends holding positions, take this rebound as an opportunity to reduce holdings and lower risk. Don’t expect a big rally to instantly resolve your positions.

The daily K-line is overall in a recovery rebound phase after the low point of 59,080. The price still faces resistance from all medium- and long-term EMA lines: EMA15 at 65,668, EMA30 at 68,589, EMA60 at 71,320, with multiple EMAs layered above. The Bollinger Bands are narrowing, with the middle band at 66,512 nearly flat with the current price. The upper band is at 76,076, the lower at 56,948, and the short-term movement is within the middle and lower Bollinger Bands. The MACD downward momentum has significantly weakened but has not formed a complete golden cross indicating an upward trend. The Fibonacci 0.236 resistance level at 68,103 is the first major resistance. Until the daily close stabilizes above 6,850, this can only be defined as a rebound after a decline; a reversal signal has not yet appeared, and the large cycle downward structure has not been completely broken.

The daily hourly K-line shows steady upward movement, with prices firmly above EMA15, EMA30, and EMA60 short-term averages, indicating the short-term northbound momentum is dominant. The long-term EMA120 at 66,703 is close above, forming a direct resistance and a short-term dividing line between strength and weakness. The Bollinger Bands are widening upward, with the middle band at 64,813 serving as strong support, and the lower band at 62,531 providing a fallback for this rebound’s low point. The MACD remains in a golden cross, with short-term upward momentum continuing, and minimal correction. The Fibonacci 0.236 resistance at 64,684 has been effectively broken through, with the next resistance at 68,152 (0.382). The four-hour chart shows a standard oscillating upward structure, but the long-term EMA resistance above is obvious, limiting the rebound space. It’s likely to face pressure and pull back before testing support again; conditions for a one-sided big rally are not met.

Short-term trading ideas: follow the larger cycle trend, use small stop-losses, and enter and exit quickly.

Support at 65,000 to 64,500 for northbound, stop-loss at 64,000, target 66,500 to 67,500.

Resistance at 67,000 to 67,500 for southbound, stop-loss at 68,000, target 66,000 to 65,500.

Specific operations should be based on real-time market data. For more information, contact the author. The article may be delayed; use as a reference at your own risk.