6.4 Bitcoin Morning Analysis


Bitcoin has been weakening recently, and after experiencing sideways consolidation and recovery yesterday afternoon, it did not rebound effectively. This morning, it continued to decline with increased volume, directly breaking below the 63,000 level, with a low of 62,541. It has currently rebounded to 62,883 and is consolidating.

From a technical perspective, the daily moving averages are in a bearish alignment, and the Bollinger Bands are opening downward. The large-term downward trend is clear, with heavy resistance above. The 1-hour chart shows a typical oscillating downward movement, with all moving averages diverging, indicating a lack of rebound strength, and the bears completely dominate the market situation.

Trading suggestions:
Short at 63,800-64,500, target 62,000-61,500. $BTC #BTC触底66000
BTC-4.19%
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