Bitcoin June 19 Market Analysis
🔍 Market Analysis:
Currently, BTC continues to show a bearish dominant pattern on the four-hour chart. After four consecutive bearish candles, a large bullish candle has appeared, but the rebound is limited and has not recovered the losses, indicating a clear lack of bullish momentum.
Technical indicators:
MACD: The fast and slow lines are still below the zero axis. Although there are initial signs of a turn, a golden cross has not yet formed, and the histogram continues to shrink, showing weak rebound momentum, making it difficult to form an effective continuation.
Bollinger Bands: The middle band is forming resistance, and the K-line is currently running between the middle and lower bands, still constrained by bearish forces in the short term.
Overall, the rebound is more inclined towards technical correction and has not reversed the downward trend.
📉 Trading Plan:
Focus on price action around $105,000:
If the price encounters resistance after reaching this level, consider taking a short position in line with the trend;
If there is a strong breakout and it stabilizes above $105,000, reassess the short-term rebound potential;
Also, pay attention to the support area below, and consider appropriate buying on dips, primarily focusing on short-term speculation.
📌 Strategy Reminder:
Currently in a weak recovery phase, it is recommended to test with light positions, strictly manage take profit and stop loss, and avoid chasing highs and selling lows.
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**[The above analysis and strategies are for reference only. Risks are to be borne by the reader. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of Crypto Master.]
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