June 18: BTC latest market analysis and short-term BTC contract operation concepts and strategies
Bitcoin (BTC) contract analysis: Yesterday the Japan market closed with a hammer K-line, but prices are still being constrained by the position of the 5-day moving average.
In the current shape, yesterday’s intraday high retreated more, but the correction was biased toward correction.
On the other hand, prices are suppressed below the previous day's large bearish candle, and a drop in a weak market tends to be easily corrected.
The most awkward point is that after the significant decline on June 13, the offsetting of the moving average system once again relied on the 5-day moving average line for suppression.
However, neither of the two trading days formed a new bottom on the daily chart, meaning the previous low around 20100 has not broken away, which becomes a point to look down on the space.
From a time-cycles perspective, the two-wave drop cycle of the previous daily line was essentially shaken after 7 trading days on the cleansing plate.
Therefore, the current daily line’s pattern and the cyclicity are contradictory and especially require strong cooperation.
Bitcoin (BTC) intraday short-term contract analysis: Today, two positions must be emphasized, the height that continues to swing in the early hours, and the vicinity of yesterday’s low around 20200.
There is no rehash in the morning, and such continuous consolidation vacillation would, if the market opens lower today, be arranged around the high area of early yesterday morning.
At the same time, intraday must break below the 20200 region.
Therefore, today’s BTC short-term contract operation: aggressive traders attempt a reverse pullback in the 20600-20700 area, aim to profit from the 21300 area losses, with a target around 19600; if not breaking the intraday bottom, liquidate; stabilizers will set orders at night! [From the above view, for reference, investing carries risk and entry should be cautious.]
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Short-term trading analyzes Bitcoin price movement to find time periods when prices surge or crash, and with leverage, set the correct data at the right time to operate in both directions to earn high rewards. You can buy during market rises or declines and generate profits on the same day if the direction is correct, yielding substantial income.
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There may be days when market volatility is narrow but the bands are rich, meaning several oscillations occur. For short traders, several trading opportunities increase, and harvests can be earned.
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