June 4, 2026 BTC/USD Intraday Technical Analysis + Practical Strategies

Current reference price: around 63,200 USDT, daily chart shows a large-scale bearish trend, short-term deep oversold rebound game, overall trend remains downward, rebound is a bearish correction
Risk warning: Cryptocurrency volatility is extremely high, leverage trading carries significant risk, this content is only a technical review and does not constitute an investment invitation
1. Key Price Levels (Intraday Core)

Resistance (from top to bottom)

1. First short-term resistance: 64,800-65,300 (intraday first resistance, hourly moving average suppression)

2. Mid-term strong resistance: 66,800-67,000 (trend watershed, only above this zone can break the short-term downtrend)

3. Wave resistance: 69,300, 72,700 (4H moving average dense zone, limit position for rebounds)

Support (from top to bottom)

1. Intraday short-term support: 62,900-63,000 (intraday bulls and bears divide, failure to hold leads to deep decline)

2. Key structural support: 62,300 (Bollinger lower band), breaking below opens down to around 57,000

2. Multi-timeframe Indicator Analysis

Daily Chart (Major Cycle: Bearish Dominance)

1. Price breaks below MA50/MA100/MA200 long-term moving averages, moving averages are in a bearish alignment;

2. MACD continues death cross below zero line, bearish momentum not exhausted;

3. RSI drops to around 21, deep oversold, only a technical oversold rebound, cannot reverse the daily downtrend.

4H Chart (Short-term Trading Core)

1. RSI=15~18 extreme oversold (historical low zone, short-term bottom-fishing funds may enter for correction);

2. MACD continues death cross, green bars expand, rebound is defined as a continuation of the decline, continue to short on resistance during rebounds;

3. Price breaks below Bollinger lower band, Bollinger bands opening downward, downtrend channel complete.

1H Chart (Intraday Entry Reference)

Hourly RSI shows a slight turn-up, with signs of a short-term golden cross correction, primarily watch for resistance and pullback.

3. Two Intraday Trading Strategies

Strategy 1: Follow the trend short (main idea, aligned with the major trend)

1. Rebound short entry: price rebounds to 64,800~65,300 with resistance, staggered short positions

◦ Stop loss: above 65,850 (invalid if broken)

◦ Take profit: first target 63,000; if broken, look at 62,300, extreme downside at 57,000

2. Breakout short: effectively break below 62,900 with hourly close below, add to short positions, stop loss 63,500, targets 62,300 → 59,000 → 57,000

Strategy 2: Short-term oversold small rebound (small position game, limited to oversold correction)

1. Entry conditions: stabilize and close positive in the 62,300-62,900 zone, small long attempt

◦ Stop loss: below 61,900 (abandon longs if broken)

◦ Take profit: 64,500~65,000 (exit at resistance, avoid long-term position)

Key point: short-term longs only for oversold rebounds, do not hold long positions if unable to stabilize above 66,800, take profits and avoid mid-to-long-term holdings
4. Market Risk Control Points

1. If volume breaks above 66,800 today and stabilizes, short-term bearish structure temporarily pauses, switch to sideways thinking, cancel high-level short plans;

2. Over 1.1 billion USD of liquidation positions have been released in the past 24 hours, short-term selling pressure has eased temporarily, but ETF continuous fund outflows suppress bulls, making a big reversal unlikely;

3. Position management: single short-term position ≤ 5% of total funds, strictly control high leverage. #分享美股交易赢英伟达股票 $BTC