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Morning analysis on June 20th: Bitcoin oscillation range, how should we operate in the future!
The concept is the fundamental factor for winning, strategy is the key factor for winning, technology is the means for winning, and mentality is the power for winning.
#BTC走势分析
Review: Yesterday, Bitcoin's overall rhythm was in a narrow range of fluctuations, with small market fluctuations and both long and short sides being somewhat limited. However, after a small rise in the morning, we exited the overnight long position, capturing a profit of 1,000 points, and then made a small profit of 500 points in the short position!
Market Analysis: From the four-hour structure, although Bitcoin has shown five consecutive declines, the volume is insufficient. The pressure on the upside has rebounded. Currently, the main pressure is on the MA30 moving average position. It can be seen that the three lines of KDJ are gradually rising, while the MACD bearish indicator is also shrinking, indicating that there may be bullish upward space in the short term. Pay attention to the resistance near 66000 in the short term, which is also the most important area for the battle between long and short positions! In terms of operation, for now, treat the current market as bullish!
Operation suggestion: Go long around the overnight low point near 64600, with a target near 65800/66700. If the high point is reached and the trend continues, consider going short, with defense at 63900!
#BTC