Market Analysis (June 22)

Bitcoin Analysis at Different Levels! I. Daily Chart (Major Trend) 1. Moving Average Structure: Price is under pressure from all MA20/MA50/EMA60 (67000, 69000, 70000). Medium- and long-term moving averages are diverging downwards, continuously suppressing any rebound. 2. MACD: Running below the zero line, the green bars are slightly decreasing in volume and have not yet formed a golden cross, indicating slowing downward momentum but no bullish counterattack. 3. Bollinger Bands: Opening downwards, the price is running along the lower band. The middle band at 67000 is a strong daily resistance; the lower band provides long-term support at 59100 (a recent low). 4. Volume and Price: Rebounds are accompanied by decreasing volume, while declines are accompanied by increasing volume, indicating a divergence between volume and price, suggesting a continuation of the downtrend. II. 4-Hour Chart (Short-Term Trend) 1. Moving Averages: EMA15/EMA30 have formed a death cross and are trending downwards. The rebound has broken below the short-term moving averages, ending the short-term bullish trend. 2. MACD: A second death cross below the zero line, with the green bars increasing in volume again, indicating a renewed short-term bearish momentum. 3. Bollinger Bands: After narrowing, the price broke below the middle band. Support is at 61680, and resistance is at 64680. 4. SKDJ (Stochastic Oscillator): The price is flat at low levels without a golden cross, indicating a slightly weak to neutral stance. There's a slight oversold correction, but no clear turning point for a bullish move. 5. Trading Suggestions: BTC: Short at 65000, target 64500-64000-63000, stop-loss at 65800. ETH: Short at 1775, target 1755-1730-1715, stop-loss at 1795. Follow our trades on our homepage (no minimum order required).