Technical analysis of BTC contract on June 4:
Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern was a single negative with continuous positive, the price was consolidating at a high level, and the attached indicator was dead cross running. The general trend of falling is still advantageous, and attention should be paid to the strength and continuation of the falling trend; the short-cycle hourly chart retreated under pressure yesterday morning, and the US market supported the rebound and broke the high point of the previous day, but the time was wrong, so the continuation was not seen in the early morning. It was under pressure again in the morning. The current price is at a low level, and the attached indicator is dead cross running. The four-hour chart is obviously suppressed, so there is probably still a need to continue the decline during the day.
BTC short-term contract trading strategy:
Sell at the current price of 105200, stop loss at 106000, and target the 104500 area;
Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern was a single negative with continuous positive, the price was consolidating at a high level, and the attached indicator was dead cross running. The general trend of falling is still advantageous, and attention should be paid to the strength and continuation of the falling trend; the short-cycle hourly chart retreated under pressure yesterday morning, and the US market supported the rebound and broke the high point of the previous day, but the time was wrong, so the continuation was not seen in the early morning. It was under pressure again in the morning. The current price is at a low level, and the attached indicator is dead cross running. The four-hour chart is obviously suppressed, so there is probably still a need to continue the decline during the day.
BTC short-term contract trading strategy:
Sell at the current price of 105200, stop loss at 106000, and target the 104500 area;
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.