June 5th, Midnight, Jing Yi's Analysis

The short-term downtrend continues, is it a rebound or a short?
Bitcoin remains in a clear downward channel, with short-term bearish momentum still strong.
Although there was a slight rebound after touching a low near 613, the overall structure has not undergone a fundamental reversal.
Current candlestick patterns show weak rebound strength, likely indicating a continuation of the decline or a weak consolidation, with risks of testing new lows again.

The MACD indicator is currently in the deep water zone below the zero line, with the fast and slow lines diverging downward, at values of -2411 and -2201 respectively.
This indicates that the long-term downward momentum still dominates the market.
It’s worth noting that the green energy bars of the MACD (bearish momentum) seem to be slightly shortening, which may suggest that the speed of decline is slowing, and the market is searching for a short-term bottom, but this does not mean a reversal.

Key support level: 610, which is the current lifeline.
If it falls below this level again and cannot quickly recover, the downside space will open up, possibly testing 590-568 or even lower integer levels.
Key resistance level: 646-650, in the short term, it needs to stay above 646 to have a chance to challenge the pressure zone near 660.
Before that, any upward movement should be regarded as a technical correction.

Trading Suggestions
Aggressive traders: can try a light position for short-term longs in the 615-620 range, aiming for an oversold rebound, with a stop loss below 610.

Conservative traders: also a suitable position for Jing Yi’s strategy, shorting in the rebound zone of 646-650, targeting 630-615-603, with potentially higher win rates.

Bitcoin is currently in a weak bottoming phase, although there are signs of short-term stabilization, a reversal signal has not yet been established.
Do not blindly bottom-fish, and pay attention to risk management. #分享美股交易赢英伟达股票