6.4 Thursday Afternoon Market Analysis

1712 Bottom Confirmed! Key Levels Updated!
The morning session continued weak, with the bears leading the decline below the 2000 level, accelerating downward to below 1850. The latest 4-hour candlestick pierced down to 1712 and then recovered, indicating buying resistance at low levels. The bottom space has opened up, and Bitcoin's fee rate dropped directly to -0.006, showing a large volume of short-term traders taking profits and exiting, continuously squeezing and trapping longs in the 61,300-63,000 range. The 4-hour descending channel is beginning to close, the 15-minute moving averages are in a bullish arrangement, and the major trend is starting to recover. MACD is severely oversold (both lines deep below zero) and shows long lower shadows, hinting at a short-term technical rebound and correction.
BTC Trading Suggestion: Go long around 64,000, take profit at 64,800-66,500, stop loss at 63,200.
ETH Trading Suggestion: Go long around 1,800, take profit at 1,830-1,880, stop loss at 1,770.