Crypto Circle Academician: Is Bitcoin's 6.18 rebound or reversal? Latest Market Analysis and Trading Suggestions

Bitcoin's current price is 65,500. The market has reached the short-term support level of 65,000. Support is valid; set your stop-loss properly, be patient for signals, and reduce positions when reaching the take-profit level. Don't be greedy; lock in profits first. Next, focus on 68,000. Only a breakout above that will lead to a major trend; if not, follow the sideways pattern. Staying steady is the key.

The daily K-line remains in the rebound and correction phase after the previous downtrend. The price is above the EMA15 moving average but still suppressed by the EMA30. The 78.6% Fibonacci level at 73,445 is a strong resistance, while the previous low at 59,080 forms a critical support level. The MACD indicator shows weakening downward momentum and attempts for an upward rebound; the Bollinger Bands middle band around 65,648 acts as short-term resistance. The price is still below the middle band, and the trend has not fully reversed, remaining in a weak rebound zone overall.

The four-hour K-line is in a consolidation phase after the rebound. The price retraced to the EMA15, while EMA30 and EMA60 are still arranged downward, indicating persistent overhead pressure. The support at the 23.6% Fibonacci level around 64,684 has been broken and now acts as support. The first target resistance for the rebound is at 68,152, the 38.2% Fibonacci level. The MACD shows diminishing short-term upward momentum, and the oscillation between the Bollinger Bands middle and upper bands is narrowing, likely leading to a short-term sideways movement with a choice of direction.

Short-term trading ideas: Follow the larger cycle trend, use small stops, and enter and exit quickly.

Support from 65,000 to 64,500 on the upside, with a stop-loss at 64,000, targeting 66,500 to 67,500.

From 67,500 to 68,000 on the downside, with a stop-loss at 68,000, targeting 66,000 to 65,500.

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