6.2 Bitcoin Market Summary for the Day

The Bitcoin market is slowly declining, initially breaking below the 70,000 level in the afternoon, and then in the evening, the selling pressure increased again, breaking through the 69,000 and 68,000 support levels one after another. The price that couldn't stay below 69,500 initially gained over 800 points of space. Subsequently, seeing that the downward trend showed no signs of stopping, a decisive move was made around 68,500 to cut losses, finally closing the position smoothly around 67,700. The altcoin also dropped below 1,950, heading straight for 1,900. The strong resistance from the bears lasted for a while but still couldn't stop the bulls' attack. Today's market decline was entirely driven by the bears, and all attempts to hold the position were successful, demonstrating the effectiveness of trend-following strategies.

Currently, Bitcoin's new low is around 67,000, and it could break below at any time. The altcoin has also fallen below 1,900, so now is not the time to guess the bottom. A step-by-step approach is a more prudent choice. The weak rebound correction already clearly indicates the strength of the bulls. Brothers who have been holding long positions should not get overly emotional and try to hold through the decline. Wait until things cool down before considering recovery strategies. #微策略出售32枚比特币 $BTC $ETH