Coin Circle Liying: 6.5 Bitcoin (BTC) Latest Market Interpretation and Operational Suggestions

　　Family, the current price of Bitcoin is 63820. This wave of market movement has been quite exhausting, dropping steadily from the mid-May high point. The rebounds in between have been fleeting, typical of a downward channel trend. Now the price has reached the vicinity of the important support area from earlier, and many veterans are watching to see if a double bottom or head and shoulders bottom pattern can form here. However, from the current technical perspective, there are still no clear reversal signals, so it’s best to focus on defense in operations and wait for more certain opportunities to appear.

　　The moving average system shows a perfect bearish arrangement, with EMA7, EMA30, and EMA120 diverging downward, and the price consistently running below all moving averages, which is a very typical weak characteristic. Although the MACD indicator has shown signs of a bottom divergence, both DIF and DEA are still operating below the zero axis, and the increase in red bars is not sustained enough, indicating that the base is still in the process of being established and needs time for verification. The contraction pattern of the Bollinger Bands suggests that a trend change is imminent, with the lower band at 61844 being the key support level. If it breaks effectively, it may open up new downside space; conversely, if it can stabilize above the middle band at 65031, it may signal the start of a rebound trend.

　　Short-term reference:

　　For a long position at 63000-62500, exit if it drops below 62000, with a target above 65000 aiming for 66000.

　　For a short position at 65000-65500, exit if it falls below 66000, with a target below 64000 aiming for 63000.

　　The above content is exclusively created by Liying, please indicate the source if reproduced! There may be delays in article publication reviews, and the market is constantly changing; the above suggestions are for reference only and risks are to be borne independently. Hope Liying’s appearance will be helpful to you!

　　The content of the article is timely, for reference only, and risks are to be borne independently.

Warm reminder: The above content is solely created by the author on Weibo, advertisements at the end of the article and in the comments section are unrelated to the author, please discern carefully, thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。