Cryptocurrency Expert: Is Bitcoin's 6.18 a rebound or a reversal? Latest market analysis and trading advice

　　Bitcoin's current price is 65500, and the market has reached the short-term support point of 65000. The support is valid, set the stop loss properly, and patiently wait for signals. When it reaches the take profit point, reduce your position, do not be greedy, and secure profits first. Next, focus on 68000; only a breakout will lead to a significant market movement. If it does not break, then expect a consolidation, and staying steady is the way to go.

　　The daily K-line is still in the rebound recovery phase after the previous downward trend. The price stands above the EMA15 moving average but is still pressured by the EMA30. The upper Fibonacci level of 78.6% at 73445 is a strong resistance level, while the previous low point of 59080 forms crucial support. The MACD indicator shows weakening southern momentum and an upward attempt at a counterattack; the middle Bollinger Band around 65648 constitutes short-term pressure. The price is still operating below the middle band, and the trend has not completely reversed, overall remaining in a weak rebound range.

　　The four-hour K-line is in the consolidation phase after the rebound. The price has retraced to the EMA15 moving average, while the EMA30 and EMA60 still show a downward arrangement, indicating that upward pressure remains evident. The support near the upper Fibonacci level of 23.6% at 64684 has been broken, now turning into support. The upper Fibonacci level at 38.2% at 68152 is the first target resistance for the rebound. The MACD shows short-term upward momentum is diminishing, and the oscillation range between the middle and upper Bollinger Bands is narrowing, indicating that the price will likely enter a short-term sideways market direction decision.

　　Short-term trading plan: Follow the major cycle trend, small stop loss, quick entry and exit

　　From 65000 to 64500 moving upward, stop loss at 64000, target looking at 66500 to 67500

　　From 67500 to 68000 moving downward, stop loss at 68000, target looking at 66000 to 65500

　　Specific operations should be based on real-time market data. For more information, please consult the author. The article publication may have a delay; suggestions are for reference only, and risks are to be borne by yourself.

Kind Reminder: The above content is solely created by the author on Weibo; the advertisements at the end of the article and in the comments section are not related to the author. Please be cautious in discerning them. 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。