Wave of the Currency Sea: 6.19 Bitcoin (BTC) Market Analysis Reference:

The current price of Bitcoin is 62500, and the intraday market remains weak and volatile. On the daily chart, the price is currently below the middle band of the Bollinger Bands, facing significant short-term pressure. The EMA moving averages are in a bearish arrangement, with medium and long-term moving averages exerting upward pressure on the price. The MACD indicator's volume bars continue to narrow, and the bullish momentum is rapidly waning. The KDJ indicator is diverging downwards with a dead cross, and the RSI value is in a weak range without any significant overbought signals. The daily structure is still predominantly bearish, with the overall market exhibiting weak consolidation, and the upward rebound space in the short term is limited. It is highly likely to continue weak fluctuations, only stabilizing above the middle band of the daily chart can reverse the current decline.

On the short-term 4-hour chart, the price is hovering near the lower band of the Bollinger Bands, completely dominated by bears in the short-term trend. The short-term EMA moving averages continue to decline, and the price remains under pressure below all short-term moving averages. Although the bearish MACD has slightly reduced in intensity, both the DIF and DEA lines maintain a downward trend, indicating that bearish strength has not yet dissipated. The KDJ indicator operates in a low region, and there has not been an effective golden cross for the time being. The RSI is at a low level, with a slight possibility of an oversold rebound, but any rebound will face resistance from the moving averages. The primary trend in the 4-hour period still points downwards; even if a slight rebound occurs, there is still a high probability of continuing to explore lower levels after the rebound ends. It is recommended to focus primarily on short positions.

Wave of the Currency Sea: 6.19 Bitcoin Short-Term Reference:

Long Position: Buy in the range of 61000-61800, stop loss below 60500, target at 62500-63500,

Short Position: Sell in the range of 64200-63400, stop loss above 65000, target at 63000-62000,

【The above analysis and strategies are for reference only; please bear the risks yourself. The article may have delays in review and publication, and the strategies may lack timeliness; do not operate blindly.】

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