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Today’s Focus Bitcoin - June 19, 2024

Wilson
Wilson
06-19

U.S. Retail Sales Data: U.S. retail sales for May recorded a month-on-month increase of 0.1%, falling short of the expected 0.3%. The data for April was revised down from 0% to -0.2%.

 Committee Members' Remarks: Federal Reserve monetary policy committee members indicated that there is still a possibility for one interest rate cut by the Federal Reserve.

• Stochastic Oscillator (Daily): The indicator has entered the oversold region, waiting for it to exit the oversold region before considering whether there is an opportunity to go short.

• Moving Average Pullback (Daily): The market price fell yesterday, but is currently encountering resistance at the 50% Fibonacci retracement level of the previous upward trend.

• Stochastic Oscillator (1 Hour): The market price has breached the previous low point, with a short-term probability of a rebound.

• Pivot Point (1 Hour): Focus on 65891.56 to see if the market can reverse. If it climbs above this high point today, the market may witness a reversal trend.

Pivot Indicators:

• Central Price Level: 65360,

• Bullish above 65360, with the first target at 66360 and the second target at 66960

• Bearish below 65360, with the first target at 62860 and the second target at 62270

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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