June 17 Bitcoin Afternoon Analysis



The 1-hour Bollinger Band upper band continues to turn downward, with the overall channel bearish slope widening. The current price is under pressure at the middle Bollinger Band of 65,894, trading below it. The 66,000-66,394 upper band zone forms a strong resistance band; the rebound peaks on the market are gradually converging, and the bullish impulse is continuously weakening. The support at the 65,454 low point is repeatedly tested under pressure, and the support effectiveness is gradually diminishing.
The KDJ indicator's J value in the auxiliary chart has reached the overbought zone, the candlestick has turned downward, and the K/D lines are showing a death cross structure, indicating that short-term bullish momentum is overextended, and the indicator is signaling a pullback.
Cycle resonance faces pressure; a rebound to the resistance zone presents a clear bearish betting opportunity. If the 65,454 support is broken, the downward space will further open.

Trading suggestion: 66,300-66,800 range, targeting 64,300-64,800. $BTC $GT $HYPE #TradFiCFD黄金大师赛
BTC-3.00%
GT-2.16%
HYPE-1.65%
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