Analysis of the Current BTCUSD Trend and Trading Recommendations

10 Jun

From a technical perspective, the bearish trend in BTC is temporarily dominant. On the four-hour chart, the price has trended downward with consecutive negative candles after being pressured, clearly indicating a bearish trend. Although small lower shadows suggest that bulls and bears are still locked in a tug-of-war, the RSI indicator is near the overbought zone at 70, and while the MACD remains positive, its momentum continues to weaken—both signals imply insufficient upward momentum and lingering adjustment pressure.

On the hourly chart, BTC has entered a consolidation phase with alternating positive and negative candles after a unilateral downward move. Currently, the Bollinger Bands are narrowing and moving sideways, indicating that future volatility may be limited. The price is now hovering near the upper band of the range, facing technical resistance.

In terms of the afternoon trading strategy, given the bearish dominance and fading upward momentum, the focus should remain on shorting at highs. Aggressive traders can lightly position for short-term rebounds but must use small positions and set strict stop-losses; prudent traders should wait patiently for higher levels to initiate short positions.

BTCUSD
sell@109800-110300
tp:108500-107500

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10 Jun

Dagangan aktif

The current BTC price has hit the preset take-profit range, and you can independently choose to close the position to lock in profits. 🎉 🎉If you still don't know where to start, you can follow our strategy.