Li Ying from the cryptocurrency circle: Interpretation of the latest Bitcoin (BTC) market on June 19 and operational suggestions

　　Dear family, the current price of Bitcoin is 62,700, and recently there have been alternating red and green lines of decline, with the bulls having no strength to resist anymore. In the moving average system, the short-term EMA7, medium-term EMA30, and long-term EMA120 are all pressing above the price, like three swords hanging over one's head, with each rebound getting smacked back down. The MACD indicator is even more heartbreaking, with both DIF and DEA crossing below the zero axis, and the red energy bars becoming longer, indicating that the bearish strength is smashing down as if on steroids. The Bollinger Bands can't hold on anymore, with the price breaking down along the lower band at 62,614, while the middle band at 64,574 has become an unreachable ceiling. This wave of decline is not a trivial matter; it signifies a weakening trend. Do not easily catch a falling knife and become a bagholder; these indicators resonate towards bearish dominance, and every rebound is an opportunity to reduce positions, don't be fooled by short-term small green candles!

　　Short-term references:

　　For a long position, do in the range of 61,500-61,000; exit if it falls below 60,500; target above 62,500 aiming for 63,000

　　For a short position, do in the range of 63,500-64,000; exit if it falls below 64,500; target below 63,000 aiming for 62,000

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　　The content of the article is timely and for reference only, at your own risk

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