From the 1-hour chart, after two days of sideways consolidation, Bitcoin retested the 88,000 level and quickly recovered, showing intense tug-of-war between bulls and bears. Technically, the middle band of the Bollinger Bands and the EMA monthly line are providing strong support for the price. In addition, with the Fed's interest rate cut imminent, it is possible to build positions on dips.
Personal suggestion, for reference only (set strict stop-loss) Bitcoin can be bought around 89,000-88,100, with targets at 91,800-93,200
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June 12, Monday Morning Bitcoin Analysis
From the 1-hour chart, after two days of sideways consolidation, Bitcoin retested the 88,000 level and quickly recovered, showing intense tug-of-war between bulls and bears. Technically, the middle band of the Bollinger Bands and the EMA monthly line are providing strong support for the price. In addition, with the Fed's interest rate cut imminent, it is possible to build positions on dips.
Personal suggestion, for reference only (set strict stop-loss)
Bitcoin can be bought around 89,000-88,100, with targets at 91,800-93,200