6.1 Morning Bitcoin Market Analysis

The price yesterday evening retraced from around 74,000 down to 73,340, then slowly rebounded to 74,179 early this morning. Overall volatility isn't significant, but it shows that the short-term game between the bulls and bears is quite intense. Ethereum (ETH) is fluctuating within the 1995-2025 range, with nearly 30 points of movement, providing a decent space. Today is not only the first day of a new week but also the first day of a new month. Regardless of last month's performance, if it wasn't good enough, improve it; if it was good, further refine it. I hope brothers can harvest a lot today.

The daily chart of Bitcoin currently shows limited overall fluctuation. From the downward trend last week, the current candlestick remains in a consolidation structure. On the 4-hour chart, the momentum of the bears is gradually weakening, with KDJ continuously diverging downward, indicating short-term dominance of the bears. The candlestick rebounded near the middle band of the Bollinger Bands to the upper band, forming a long upper shadow, suggesting strong resistance around the 74,000 level at the upper band. However, the market is now in a wait-and-see state, as the situation between the US and Iran remains uncertain, with many instability factors. The retracement support is at 73,000; a volume-driven break below could target the previous low of 72,436. The short-term support for Ethereum (ETH) is around 1985-1975. If Bitcoin breaks through this level smoothly, it could target 1950 simultaneously. Currently, there is no clear bottom support, so avoid rushing to buy the dip. This week, the focus remains on short-term trading. #成长值抽奖赢金条 $BTC