6.27 Intraday Bitcoin Market Analysis

Last night's market did not follow our expectations. Instead, it experienced sharp wicks before the US stock market opened. However, the short-side volume ultimately lacked follow-through, and was quickly countered and pulled back by the long side. As a result, our short position did not hit the take-profit at the right level, and we had to exit early. But seeing the long side's rebound signal, we decisively entered a long position, successfully capturing 1,000 points of space. ETH was similar, with the subsequent rebound still unable to break through the 1,600 mark. The long entry was too late, making the result mediocre. Many friends may feel anxious watching the screen daily, with gains and losses affecting their emotions and sleepless nights. Consider whether your risk tolerance matches your current position size.

From the 1-hour level of BTC, the price made a slight pullback to the 59,500 area in the early morning, briefly stabilized, and then showed a weak oscillating upward trend. Currently, it is consolidating with shrinking volume, and the 60,700-61,000 range above remains a resistance. In the short term, although the long-side momentum has not yet been fully released, the KDJ is already in the overbought zone at a high level, limiting upward space and slowly increasing the need for a pullback. Meanwhile, the Bollinger Bands on the 4-hour level show signs of contraction, with the K-line hugging below the middle band. Even if it breaks through, it will be constrained by the upper resistance range. First, observe whether the subsequent weak rebound can continue, then confirm the level of pressure and pullback before entering short-term positions. The observation position for ETH remains unchanged for now.
$BTC #美国5月PCE通胀升至4.1%创三年新高