Pay attention to the important resistance level of Bitcoin, and beware of another sudden attack by short sellers
Survey: Respondents Thinking Bitcoin Is More Trustworthy Than Big Banks Has Increased Substantially Over the Past Three Years
According to news from Cointelegraph on June 14, The Tokenist launched a survey on the topic "Who is more credible between Bitcoin and large banks" to 4,852 respondents from 17 countries. The survey results show that attitudes towards the issue have changed over the past three years. In 2017, only 18% of people chose Bitcoin, while 82% chose big banks, but in 2020, the number of people who choose Bitcoin has almost caught up with the number of people who choose big banks.
BTC market review:
Yesterday, the currency price stepped back to around 9300 and gained support and rebounded. The highest reached around 9500, and then began to steam eggs sideways. It remained at 9380-9470 throughout the day, with a volatility of less than 100 points. It fell below, so the market entered a turbulent rhythm. The volatile trend continued in the early morning of this morning. After failing to hit the 9500 position, it rebounded downwards to 9350 and rebounded. The current price is at 9444. Today’s weekly line ends, and the shock range is expected to come out early.
6.14 BTC market analysis
The big cake, the daily line ended with a small sun, the overall space was limited yesterday, and many orders in the intraday made a small profit and hurried away. 9500 failed to break through, which shows that the pressure on the top is steep.
In 4 hours, the closing line is relatively stable. At present, the price fluctuates repeatedly around 9400. The MA20 moving average is obviously suppressed.
Looking at the hourly chart, the sprint for stabilization in the early morning failed, and then the 9300 line stabilized and stabilized and went up again. This position is very critical as a stop point for long and short. According to the indicators in the attached picture, the KDJ three-line cross turns flat, the short-term movement is stable, and the long position can be slowed down.
Overall, there is a bullish trend. Then the backtest of support at 9400/9380 below is valid, and the bulls’ counterattack will continue the upward range. The currency price is likely to break through yesterday’s pressure level of 9500 and reach the previous interval watershed resistance of 9600. The operation idea is steady bullish, but at the same time, it is also important to pay attention to short positions at the important resistance level another surprise attack.
Intraday short-term BTC operation suggestions:
Short near 1.9600, target 9500-9400-9300, with a good stop loss
2. Go long near 9350, target 9450-9550-9600, with a good stop loss
3. Radical can be short-term at 9500. If there is a strong breakthrough at 9300, look at 9100-8900 and adopt batch stop profit and trailing stop loss methods. Take a good stop loss in the transaction and control the position!
The information and data in this content come from publicly available information and strive to be accurate and reliable. The market is changing rapidly, and the real-time operation is subject to the intraday.
Speaking of this today, I hope everyone can learn more knowledge here. Holder v: btc068068.
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