6.3 Evening Bitcoin Market Analysis

In the afternoon, Bitcoin quickly rebounded after stopping at a new low of 65,359, with a rebound of over 2,000 points. This is also one of the few volume-driven rebounds recently, indicating that there is still buying interest around the 65,000 level. On the other side, the new low for Auntie has approached the 1,800 mark. It was mentioned earlier that it had not broken below 1,950, and the support level below has not been broken for a long time, but the strong momentum of Kongo makes it vulnerable to a waterfall if broken. Moreover, the afternoon rebound level is also within the resistance zone we discussed in the morning, as detailed in the morning’s outlook. In the face of the strong Kongo trend, a rebound is an opportunity to join the Kongo.

Currently, on the 1-hour chart of Bitcoin, although the momentum of Kongo is still being released, it cannot prevent the downward trend’s momentum. The KDJ indicator is turning downward from a high level, showing signs of a death cross. However, the Bollinger Bands are contracting, indicating a possible trend reversal in the short term, so caution is still advised. The short-term resistance for the rebound remains at 67,500, with a Kongo resistance, and the initial target is 66,000. Auntie’s resistance level is at 1,900, with support at 1,850. If Kongo volume increases again and breaks downward, the previous low will be targeted. The short-term position remains flexible, and partial profit-taking is recommended. Additionally, there are signals of potential developments in the US-Iran negotiations tonight, so watch for positive signals and set stop-loss orders accordingly! #Gate携手Alpaca链接数字资产与股票金融交易