6.1 Afternoon Bitcoin Market Analysis

In the early morning, the price hovered around 74,000, struggled there, and pulled back to around 73,200. Then it quickly rebounded back to 74,000, but it didn’t stay for long. In the afternoon, consecutive bearish candles formed. The price is currently breaking below the 73,000 support, but follow-through volume is insufficient—so brothers with Kundan can close positions first to avoid losses turning into a retracement. Auntie can do the same. You don’t need to catch every wave; you just need to stand稳 enough on the wave that belongs to you.

Now, on the 1-hour timeframe, the big chart has already broken below the lower Bollinger Band. The MACD fast and slow lines are continuing to diverge downward below the zero axis, and momentum release is strengthening. The current KDJ has entered the oversold zone. If the Kundan volume can’t continue, it won’t reach the prior low as smoothly, and on the short-term horizon there will be a need for a Dodo correction. However, the current rebound strength is weak, and it is likely that the market will consolidate and range-trade around 73,300 afterward. After taking profit with Kundan, first look for a technical rebound and recovery. Once it stabilizes, lightly add to Dodo. For reference, lightly add Kundan at 73,500; the target is to look down at 72,000. Auntie can lightly add to Kundan at 2,000, aiming lower at 1,950. $BTC #成长值抽奖赢金条 $ETH