6.11 Jiang Yuheng | Bitcoin Morning Thoughts
The daily chart bearish trend has not reversed at all, with the entire cycle's moving averages pressing the price downward, and the bulls haven't even managed a decent resistance.
Last night, it dipped near 60,800 and then had a corrective rebound, but once it reached the 62,800 resistance level, trading volume started to decrease, and it couldn't stabilize after two attempts—typical weak rebound.
60,000 is the last support for the bears; as long as it doesn't hold, the next round of decline will open the floodgates. The current market situation is

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$XAG The short position was decisive, directly revealing the space on the chart.
Before bed, I was watching the 76.06 level for a while; it was hovering sideways at a high level for a long time.
Buyers couldn't keep up, and as selling pressure emerged, it started to push down, so I went short immediately.
Now the price has fallen back to 62.83, with a profit of +1614.48%, and the rhythm has already delivered the result.
Next, don't be greedy; take profit at 80%, and use the remaining 20% to lock in profits, see if it can continue to move later.
For those still in the car, remember t

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$XAG As expected, it declined from 68.59 to 63.14, a drop of over 7.95%, validating the bearish strategy.
Suggestion: Those who have entered the market should first take 80% profit, and execute the stop-loss on the remaining position as planned, aiming to preserve capital and gamble cautiously.
Friends who haven't entered yet, stay calm. Recent market opportunities are dense, and patience is needed to wait for the next signal.
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6/11 BTC Analysis
Market remains weak this morning
Aggressive short at 61888, take profit at 61088-60588, stop loss at 65100
2% position with 100x leverage

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