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As of June 22, 2020, from the daily chart perspective, the lower band of the Bitcoin Bollinger Bands is in a contracting state, with the price operating below the lower band. The coin price continues to decline but tends to rebound whenever it touches below the lower band. There is strong support near the $92,000 - $92,500 range, with the MA5 and MA10 moving averages forming a death cross downward. The MACD dual line is dispersing downward above the zero axis, and the energy bars are in a short positions arrangement. The KDJ three lines are converging upward near 50, and the RSI is dispersing from the weak zone around 50. From the four-hour chart, the Bollinger Bands are in a contracting downward state, with the price operating near the middle band. The MA5 and MA10 moving averages show an intention to form a death cross downward. The MACD is in a long positions arrangement, but the energy bars are gradually decreasing, with the dual lines running below the zero axis. The KDJ three lines are dispersing downward in a death cross manner, while the KSI is turning upward with the three lines converging, maintaining a downward higher trade volumes posture. The short-term trend is not very ideal, and the current resistance level is moving lower, with short positions holding a significant advantage.
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