Evening BTC Trend Analysis and Trading Recommendations

6月10日

During the morning session, the Bitcoin price continued its upward momentum from the previous night, surging to an intraday high of 110,653. Subsequently, as bullish momentum gradually waned, the price entered a volatile downward channel. Consecutive bearish candles triggered a significant retracement of earlier gains. In the afternoon, supported by the hourly moving average, Bitcoin saw a brief rebound, climbing to 109,852 as U.S. stocks opened. However, bears quickly regained control, pushing the price down to 108,282 before stabilizing, after which it entered horizontal consolidation. The current price remains around 109,000. Notably, our previous short strategy at 109,800 precisely aligned with the trend, successfully realizing the expected profit.

Current trading advice: Consider light short positions within 109,400–109,700, targeting around 108,500. If the price effectively holds support and stabilizes at 108,500, you may attempt light long positions to speculate on a rebound.

BTCUSD
sell@109400-109700
tp:108500-107500

7 天前

交易進行

BTC surged to 110,600 and 110,400 respectively in two consecutive days and then quickly pulled back, forming a double - needle top - probing structure, indicating that there is relatively strong selling pressure in the 110,000 - 110,600 range above. Currently, the price is hovering around 109,500. If it fails to hold the key support at 109,000, a further short - term retracement may occur.

6 天前

交易結束：目標達成

The short-term support below is at 107,300. If it breaks down, it may further decline to 106,500 or even 105,800. The current rebound range is less than 50% of the decline, which is a weak correction, and the bears still take the initiative.