BTC trend analysis on June 13, 2024

Since May 21, BTC has been consolidating in the range of 67,000-71,500. On June 7, it rose to around 72,000, which was also a false breakthrough. On the 11th of the day before yesterday, it fell sharply and falsely broke through to around 66,100. However, after Powell spoke last night, it rebounded to around 67,300.

Therefore, we can find that the current trend of BTC is likely to consolidate in the range of 67,000-71,500 for a period of time. From a technical point of view, the 30-day, 60-day and 90-day arrangement of the daily chart is still a long arrangement. The current price of the Bollinger Band BOLL indicator is still above the middle Bollinger Band. Yesterday, the positive line, the greed index was 70, and the total outflow of the US Bitcoin spot ETF company was 200 million US dollars yesterday (the impact was relatively small).

To summarize the trend:

1) The big support near 67000 is still there

2) The big resistance is still near 71500

3) Today's trend may rise slightly, with small resistance near 68600 and 69500

4) My personal operation strategy is to open long near 67000 and short near 71500. It should take some time before there is a breakthrough, and the possibility of breaking is neutral.

5) Go long on dips; go short on rallies.

Okay, the above is the trend analysis of Bitcoin today and yesterday. It is provided for students' reference and is not intended as any investment advice. Always control positions, leverage, and profit and loss ratios. Investment is risky and you need to be cautious when entering the market