6.4 Thursday Midday 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 dipped 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 positions taking profits and exiting, continuously squeezing and trapping longs in the 61300-63000 range. The 4-hour downtrend 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 the zero axis), with long lower shadows, hinting at a short-term technical rebound and correction need.
BTC Trading Suggestion: Go long around 64000, take profit at 64800-66500, stop loss at 63200.
ETH Trading Suggestion: Go long around 1800, take profit at 1830-1880, stop loss at 1770.
BTC0.19%
ETH0.44%
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ThereAreNoFixedLawsFor
· 06-04 05:25
Brother Jie, is it a good time to buy the dip in spot trading?
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