Latest Bitcoin analysis on June 16th, early morning:
From the current 1-hour time frame, early technical indicators showed a significant downward trend, but the market is now showing signs of stabilization and attempting to rebound, with prices continuing to fluctuate within a specific range.
From the analysis of the K-line pattern, the bearish power is gradually weakening, bullish patterns are beginning to appear, and the bulls are accumulating energy in preparation for an upward breakout. We continue to maintain a bullish strategy layout.
Trading strategy suggestion: You can establish a position around 105400, set the stop-loss point at 104900, and the target price range is 107000-108000.
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Elghazoly
· 6h ago
The bullish market is at its peak 🐂
Reply0
ShadowStaker
· 8h ago
Watch for liquidity traps
Reply0
TokenBeginner'sGuide
· 8h ago
Take profit when you see a good opportunity.
Reply0
NftPhilanthropist
· 8h ago
Impact meets profit here.
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GasFeeNightmare
· 8h ago
Order to set a stop loss early to protect the principal
Latest Bitcoin analysis on June 16th, early morning:
From the current 1-hour time frame, early technical indicators showed a significant downward trend, but the market is now showing signs of stabilization and attempting to rebound, with prices continuing to fluctuate within a specific range.
From the analysis of the K-line pattern, the bearish power is gradually weakening, bullish patterns are beginning to appear, and the bulls are accumulating energy in preparation for an upward breakout. We continue to maintain a bullish strategy layout.
Trading strategy suggestion: You can establish a position around 105400, set the stop-loss point at 104900, and the target price range is 107000-108000.