June 22 Morning Analysis

The one-hour cycle bullish trend structure has been broken, and after the price reached the 64,565 stage high, the body broke below the Bollinger middle band at 64,091. The original trend support has turned into strong resistance. The Bollinger bands are gradually converging downward, and the current price is close to the lower band at 63,734, a weak support. Once effectively broken, it will open up a deeper downward space.
After the KDJ shows a high-level divergence, a persistent death cross has formed, with the three lines diverging downward simultaneously. The J value has not entered the extreme oversold zone, indicating that the bearish momentum has not been fully released. The short-term slight rebound is only a pullback confirmation after the breakout. The candlestick pattern shows high points and low points moving downward in sync, with a weak volume-price structure of shrinking rebounds and expanding declines, indicating that the bulls lack the ability to support.

Trading suggestion: 64,100-64,600 range, target 62,100-62,600. $USD1 $BTC $ETH #TradFiCFD黄金大师赛