6.4 Evening Bitcoin Market Analysis

After the midday rebound of over 3k points from the panic sell-off, the afternoon price action showed a trend of oscillating downward, and the Auntie's trend gradually caught up with Bitcoin's pace. So, our Kundan strategy also followed the trend and took partial profits accordingly. Therefore, as long as you are not deliberately chasing the market or over-leveraging, there should be no major issues with this recent trend. Deep understanding + emotional discipline + risk budgeting, among which risk budgeting is the easiest to overlook but the most critical part.

From the rapid rebound after the sharp decline in the morning, it appears that the 60,000 level below Bitcoin has support, and now the strength of the Koundou (market sentiment) also needs no further explanation. The rebound correction given in the midday was an opportunity for Koundou to accumulate strength. Currently, Bitcoin is around 62,000, less than 1,000 points away from the previous low of 61,344. For conservative traders, it’s best to follow short-term moves, watch the previous low, and if a volume breakout occurs, target the 60,000 level. Auntie will directly follow along, and if the previous low is broken, follow with a 1650 position. Pay attention to position management and avoid getting overly emotional and rushing in again. $BTC #HYPE创历史新高 $ETH