BTC will enter a downward trend again

26 juin

From the daily chart, BTC is clearly on a downward trend. However, the decline and rise of BTC in the past two days were too large, first falling by about $6,000, and then rising by about $4,000. Due to the large increase, the decline faces many obstacles. Today, the price rose to around 62,460 and then fell to 61,150, absorbing a lot of the upward momentum. If it cannot break through 62,460 to set a new high, the downward trend will continue.

Trading suggestion: Sell when the price rebounds to 62,120-62,460, and the target range is 60,600-60,800.

The above trading suggestions are for reference only, and I will update the market analysis in my guidance group at any time.

26 juin

Note

Calculated from the lowest point, the price has risen to 62460, which has risen by 4,000 US dollars. If the price rises too much, there will inevitably be inertia, which is why I am cautiously bearish. The price fell from 62460 to 61150 and rebounded to 62000. This is the bullish force of the market that is driving the price rebound. The price just fell below the resistance level of 61150, which is the beginning of the real decline, because the inertia of the rise has been gradually digested, and now you can trade according to the idea of ​​short selling.

Trading suggestion: If the price rises to the 61150-61600 range and encounters resistance, you can sell it, and the target is 60600-60800

26 juin

Note

The current decline is accelerating. For short orders above 61150, the stop profit can be set in the range of 59500-60000.

27 juin

Note

Today, the price fell to around 60,600 and encountered huge pressure. The current rebound is relatively large. What is the specific reason? Because 60,600 is the midline of this rebound and rise, it is an important resistance level and the dividing line between long and short forces. If the price falls below 60,600, the price will plummet again and is likely to fall below 60,000. In addition, 61,600 is an important resistance level that the price must break through, so at present we need to focus on the two resistance levels of 61,600 and 60,600.

Trading suggestions:
1. If the price falls below 60,600, you can sell, with a target of 59,500-59,000
2. If the price breaks through 61,600, you can buy, with a target of 62,400-62,800

The above trading suggestions are for reference only. I will update the market analysis in my guidance group at any time

27 juin

Note

After breaking through 61600, BTC quickly rose to the resistance range of 62200-62460, and then fell rapidly. It can be seen that the selling pressure of the shorts is very strong. The surge just now is more like an inducement to buy. The price has successively fallen below the two major resistance levels of 61950 and 61600. This is a real decline, not a correction during the rise. The price rebounds to around 61900-62000 and can be sold, with a target of 60600.

27 juin

Note

As I predicted, the price rebounded to the 61900-62000 range and then began to fall

28 juin

Note

The price rebounded to around 62000 yesterday and fell as I predicted, but it rebounded again after falling to around 61270, but it did not break through the previous high of 62320. After falling to around 61140 today, it encountered resistance again, but from the current overall trend, it is still falling. The main trading idea is still to short at high levels.

Trading suggestion: If the price rises to the resistance range of 62000-62320, you can sell it, with a target of 60600.

If the price breaks through 62320, it may continue to rise in the short term. I will update the market analysis in my guidance group at any time according to the emergency situation.