Circle of Currency Li Ying: 6.14 Latest Interpretation of Bitcoin (BTC) Market Trends and Operation Suggestions

　　Family, the current price of Bitcoin is 64000, and Li Ying has dissected this wave of market trends! From the chart, it can be seen that the recent price has been supported, as it declines there is always support, and when it rises, it does not surge too much. Simply put, there is pressure above and support below; this strong oscillating trend actually hides many opportunities! Whether you want to buy the dip or chase the rise, you must first understand the current rhythm and not rush in blindly like fodder. Next, we will use technical indicators to explain the logic of bulls and bears clearly, so you can act with confidence.

　　Moving Average System: EMA7, EMA30, and EMA120 form an embryonic bull arrangement, with short-term moving averages above the long-term moving averages, indicating that the buying power is dominant; however, EMA120 is just above the current price, becoming a short-term ceiling, and it needs to be broken to open up the upward space. Looking at the MACD: DIF and DEA are both above the zero axis, falling into the bullish dominant range, but the MACD histogram is beginning to shorten, indicating that the upward momentum is weakening and may enter a consolidation phase. Lastly, looking at the Bollinger Bands: the middle track at 63690 is a strong support, the upper track at 64266 is a short-term pressure point, and the lower track at 63114 is an extreme defense level. The current price is between the middle track and the upper track, in a strong consolidation area; as long as it does not fall below the middle track, the bullish pattern remains intact.

　　Short-term reference:

　　For a long position at 63500-63000, exit if it drops below 62500, aiming for above 64000, targeting 64500.

　　For a short position at 64000-64500, exit if it falls below 65000, aiming for below 63000, targeting 62500.

　　The above content is exclusively original by Li Ying. Please indicate the source when reprinting! There may be delays in article publication review, and the market changes rapidly; the above suggestions are for reference only and the risk is on the individual. I hope Li Ying's insights will be helpful to you!

　　The content of the article is timely and for reference only; the risk is on the individual.

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