June 3rd: Bitcoin long-short tug-of-war intensifies, volatile market awaits breakthrough
The market is always changing between Yin and Yang. Most investors lose money because they cannot hold on to profitable orders, but are reluctant to discard losing orders. They do not stop losses and hold on to orders. Holding on to orders is a mistake in itself. A truly powerful teacher will not be trapped. They have an acceptable bottom line in their hearts, because they know that once their bottom line is broken, it means that the market has deviated. It is the right time to leave the market. After they make adjustments, new strategies have been born, and the empty cut is just the maker of the bottom line.
BTC/Daily Chart
Daily level/The width of the Bollinger Band is relatively narrow. If the Bollinger Band begins to expand at night, there will be large price fluctuations. The MACD energy column becomes shorter in red and gradually turns green. The upward momentum is weakening. There may be a risk of callback in the short term. The DIF line (fast line) and the DEA line (slow line) are currently running above the zero axis, but the DIF line has a tendency to cross the DEA line downward, which is a potential bearish signal.
BTC/4-hour chart
4-hour level/Current price is near the middle track of the Bollinger Band, the Bollinger Band is in a closed state, MACD is above the 0 axis, the bullish energy column is shrinking, the DIF line is above the DEA line, the upward momentum is weakening, a potential short-term bearish signal, the MA price fluctuates between MA5 and MA10, and the price is in a shock consolidation stage in the short term
1. In terms of short-term structure, the short-term price believes that the price will inevitably fall back. The 4h level below (66500) is a false support level. When will it fall? If the range (65000~66000) is not given today, then the trend cycle will continue to extend. Today's opening price rose strongly (69000~69500) and the price will test the upper (70000~72000) level! !
2. Looking at the 4h chart, if the market rises strongly (69000~69500), the price will definitely challenge (70000~72000), and the probability of subsequent plunge will continue to be high. Which side dominates today? I personally think that the market trend is very good. Whether it is the buying point or the selling point, the long and short ideas are very clear.
Strategy 1: Go long in batches when the price falls back to 66000~65500, stop loss at 65000, and continue to hold the target at 69500
Strategy 2: Short sell near 69500~70000, stop loss 70500, target near 67000
《The above is personal advice, for reference only, investment is risky, trading should be cautious! 》
《Posting is delayed, the market changes rapidly·The points mentioned in the article are not based on follow-up orders·Learn more about the market and solve the order∫The order is subject to the real-time strategy of the empty fencing》
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This article is originally created by / Band Empty Fencing∫, with more than ten years of investment experience, has received tens of millions of funds, is familiar with the operation of the main funds, washing and absorbing funds and pulling up methods, and can achieve unity of knowledge and action in fund management, position control, investment portfolio and investment mentality. He is good at judging and analyzing the market trend, proficient in various K-line technical tactics, and has a deep understanding of wave theory, pattern theory, and indicator theory. For technical exchanges, scan and follow the official account above
