2024.6.20 Bitcoin market analysis and operation suggestions
Market Review
Bitcoin's fundamentals remain unchanged on the daily level, and the overall price movement is still in a bearish trend. The upper suppression level of the market still needs to pay attention to $65,800.
technical analysis
Daily chart
Trend: Bitcoin price is in an overall bearish trend.
MACD: Volume continues to increase, and the fast and slow lines have run below the zero axis.
Key Support: $64,000.
Four-hour chart
Trend: Prices continue to move in a downward channel, with severe selling pressure from above.
Key support: $64,000. Today, we will focus on the break of this support level to see whether the overall market has stopped falling.
One-hour chart
Trend: $65,000 is short-term upward resistance.
Key Support: $64,000.
Recommendations
Robust Strategy
Short on rebound: short in the $65,000-65,800 range, with stop loss set at $66,200 and target at $64,500-64,000.
1. Agora, a stablecoin issuing company, received investment from Linea;
2. Binance Labs announced investment in cross-chain DEX Rango;
3. Crypto hedge fund Pantera Capital will invest $200 million in the AI field;
4. Blockchain event support project EventCHI completed a seed round of financing of over 1.6 million euros;
5. Blockchain payment service PsuB receives $10 million investment commitment from LDA Capital;
6. LandBridge raised $319 million through IPO, seeing Bitcoin mining as a growth vector;
7. Web3 talent market Bondex has completed over US$10 million in financing, with Animoca Brands and others participating in the investment.
