6.19 Bitcoin Daily K + Four-Hour Chart In-Depth Analysis! Latest Market Analysis and Trading Suggestions

Bitcoin’s current price is 62,600. It looks like we’ve been taught a lesson: sure enough, every pullback is a trap. Judging from the daily K-line, Bitcoin is currently closing at 62,619. The price has fallen below short-term moving averages such as the EMA15 and EMA30. Overall, the moving averages are arranged in a downward (southbound) order. The EMA60 above is forming strong resistance near 70,000, so the trend is bearish. The MACD indicator shows that DIF and DEA are still running below the zero line. Although the green histogram bars are shrinking, the downward momentum has not fully exhausted. The Bollinger Bands are opening downward. The price has broken below the middle band and is currently moving near the lower band, where support is around 57,600. The rebound strength at the daily K level is weak; overall, the market is still in a downward channel. There is no clear reversal signal. In the short term, weak consolidation and further downside are dominant.

On the four-hour level, Bitcoin’s current price is 62,627. It has again fallen below the EMA15 short-term moving average. The moving-average system has turned downward again, and the upward trend has been terminated. In the MACD indicator, the DIF line has broken downward through the DEA line, and the green histogram bars have started to expand—downward momentum has restarted. The Bollinger Bands’ middle band forms suppression near 65,200. After the price breaks below the middle band, it moves toward the lower band at 62,690. The lower-band support has been temporarily broken. The four-hour rebound has failed. The downtrend has regained control of the rhythm. In the short term, the highs of rebounds keep getting lower, and the continuation of the decline is relatively strong. For trading, you should mainly follow the southbound (downside) approach and be alert to short-term rebound “trap” behavior.

Short-term idea reference: Follow the trend of the larger cycle, with tight stop losses and quick in-and-out trading.

If price moves northbound from 61,000 to 60,500, set a stop loss at 60,000. Targets are 62,000 to 63,000.

If price moves southbound from 64,500 to 65,000, set a stop loss at 65,500. Targets are 63,500 to 62,500.

Specific actions should be based on real-time order book data. For more information, see the author’s updates. Note: the article may be published with a delay. This is for reference only—risk is yours to bear.