6.30 Bitcoin Early Morning Analysis



Judging from the K-line layout in the screenshot, when the price rebounds to around 60000, the short-term moving averages (such as MA5/MA10) have likely already formed, or are about to form, a death cross and begin to diverge downward.

The K-lines alternate between up and down repeatedly, showing a choppy consolidation. The bullish candle bodies are relatively small; after the price is pushed up, it quickly pulls back. The inflow of long (bullish) capital is weak, and short-term buying momentum is insufficient to sustain.

Trading suggestion: Set up a short position at 60600-60800, with a target of 59500. If it breaks down, watch the 58952 low point. $BTC $ETH
BTC1.32%
ETH2.88%
View Original
post-image
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
  • Pinned