The Bitcoin candlestick analysis shows that the daily chart has recently presented two long bearish lines in succession. After a significant fall in price, it is currently in a technical rebound phase. On the four-hour cycle chart, it can be observed that after a sharp decline, the market has entered a narrow range consolidation, with limited candlestick fluctuation and maintaining at a low range.
From a technical indicator perspective, the moving average systems on the daily chart and four-hour level both show a death cross pattern, and the related histogram indicators continue to expand. These signals indicate that the current market's bearish forces still dominate. However, it is worth noting that the price has not broken through previous lows, so recent operations should focus on low buying for rebounds.
Night trading suggestions: - Bitcoin can consider looking for long opportunities in the range of 104000 to 104500, with the upward target position near 106500. - Ethereum can focus on buying opportunities in the range of 2500 to 2520, with a target price around 2580.
Although the market is generally under pressure, there is a greater possibility of a short-term rebound due to overselling. Investors can appropriately seize low-buying opportunities, but they still need to control their positions to prevent risks.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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PriceOracleFairy
· 4h ago
Buy the dip carefully
Reply0
ForkMonger
· 06-14 03:37
Weak hands stay trapped
Reply0
MoneyBurnerSociety
· 06-13 18:51
Losing everything is not a loss.
Reply0
NftCollectors
· 06-13 18:48
Short positions have become an art.
Reply0
SmartContractPlumber
· 06-13 18:48
Strategic risk is controllable
Reply0
TommyTeacher1
· 06-13 18:48
Be cautious with your Holdings and do not chase the price.
The Bitcoin candlestick analysis shows that the daily chart has recently presented two long bearish lines in succession. After a significant fall in price, it is currently in a technical rebound phase. On the four-hour cycle chart, it can be observed that after a sharp decline, the market has entered a narrow range consolidation, with limited candlestick fluctuation and maintaining at a low range.
From a technical indicator perspective, the moving average systems on the daily chart and four-hour level both show a death cross pattern, and the related histogram indicators continue to expand. These signals indicate that the current market's bearish forces still dominate. However, it is worth noting that the price has not broken through previous lows, so recent operations should focus on low buying for rebounds.
Night trading suggestions:
- Bitcoin can consider looking for long opportunities in the range of 104000 to 104500, with the upward target position near 106500.
- Ethereum can focus on buying opportunities in the range of 2500 to 2520, with a target price around 2580.
Although the market is generally under pressure, there is a greater possibility of a short-term rebound due to overselling. Investors can appropriately seize low-buying opportunities, but they still need to control their positions to prevent risks.