6.20 Market Analysis


Feeling like you can't go further means you've already come a long way.
Look back at that starting point; you are no longer the same person.
Reviewing the previous market, Bitcoin's trend showed a weak, oscillating upward pattern,
In the early session, it oscillated and rose from a low of 63015,
Reaching a high of 63890 before encountering resistance and pulling back,
But the pullback was quite effective, and in the short term, it remains in an upward pattern.

From the current chart, after a three-day decline on the daily chart,
The market rebounded and stabilized,
This round of retracement only recovered the previous upward space,
Without further downward breakdown,
Returning to the four-hour chart, after touching the lower band,
It started to rebound and warm up, then oscillated out,
Returning to the middle band,
Although the three bands are opening downward simultaneously,
It can be seen that the lower band is gradually stabilizing and curling upward,
Indicating that buying interest below is gradually emerging,
The subsequent market is highly expected to return to the upper band area,
Short-term strategy mainly focuses on low buy-in!

BTC: Buy around 63,000, target 65,000
ETH: Buy around 1,700, target 1,790#我的Gate交易时刻 $BTC $ETH
BTC-2.73%
ETH-5.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments