6.16 Early Morning Thoughts


On the 1-hour level, the moving averages show a bearish arrangement forming a medium-term pressure. The extended green bars in MACD indicate that short-term bears are dominant and momentum continues, but the decline is narrowing, which may signal stabilization. Moving forward, focus on the breakthrough of the moving averages; if the price breaks above 106100, a rebound is expected, while a drop below 104225 may prolong the adjustment period.
Bitcoin trading strategy: rebound near 105800-106500, look down to 104200 break point to 102500.
Auntie's operation idea: rebound at the 2560 line🈳, look down near 2470.
BTC-1.15%
ETH-2.73%
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