6.28 Early Morning Analysis



In the BTC 1-hour cycle, after the price surged to a high of 60924, touching the upper Bollinger Band, bullish momentum exhausted. The candlestick formed a bearish engulfing pattern, effectively breaking through the middle Bollinger Band at 60382, the bull-bear divide. The middle band has turned into strong resistance, and the channel is expected to open downward.

The Alligator indicator simultaneously gives a bearish confirmation signal, with the three lines arranged in a bearish divergence of jaw above teeth and lips below. The alligator opens its mouth downward, and the price remains under pressure from the lip line. Each rebound touching the teeth line meets selling pressure. The KDJ indicator forms a death cross at a high level and diverges, with the J value at only 12.23, not yet entering oversold territory. Bearish momentum has not been fully released, and short-term rebounds are only weak corrective bounces without reversal conditions.

Trading suggestion: Short at 60700-61200, target 58700-59200.$BTC $ETH $SOL
BTC1.03%
ETH0.78%
SOL-1.12%
View Original
post-image
R
Rreno
MC:$2.26KHolders:1
0.00%
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