6.3 Morning Bitcoin Market Analysis

The rebound correction provided overnight is consistent as always, giving a feeling of being eager but powerless; the volatility is not smooth, with pinpoints both above and below. Approaching the early morning, the price dropped from around 67,500 to about 66,200, closing with a full-bodied bearish candle. The ETH broke below my previous target level of 1950, and the support below couldn't hold, starting a steady decline to 1837. Short-term fluctuations disturb the mood, and the cyclical ups and downs temper the mind. There's no need to worry about daily gains or losses; focus on refining your strategy, find a rhythm that suits you, and patiently wait for the opportunity. Time will reward those who persevere.

When you zoom out the 4-hour chart of the Bitcoin chart, you'll see that from Monday until now, the price has been falling like a waterfall from around 74,000. The candlesticks are mostly consecutive bearish candles, with small rebounds of bullish candles that can be ignored in strength. Overall, it remains in a downward trend with a head structure, with the current MACD death cross continuing to expand, indicating that the bearish momentum is still strongly releasing. The KDJ has not yet formed a golden cross; although there is some technical correction needed later, in the short term, the trend is still bearish. Currently, in terms of trend continuation, although the candles have attempted to stop the decline, the strength is weak, and the oversold indicators are not resonating, so the correction is likely to remain weak.

The strategy remains to rebound and trade the bearish trend; focus on the resistance zone of 67,200-67,500 above, and watch for a break below 66,000 on the downside. ETH should note the resistance zone of 1,870-1,890, with a target of 1,800 below! #成长值抽奖赢金条 $BTC $ETH