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6.5 Morning Bitcoin & Altcoin Watch 🍜 Market Outlook
Precise prediction overnight! Bitcoin and altcoins both "laid flat," and these two levels this morning are the "life and death line"!
Reviewing Bitcoin's analysis overnight, it indeed showed weak volatility as predicted, being suppressed below 64,000, with the MACD indicator showing a dead cross that hasn't changed, currently around 63,700, consistent with the "rebound without strength" judgment.
Altcoins are even weaker than Bitcoin, precisely suppressed below the 1800 level, with a perfect bearish arrangement, confirming the strategy of "shorting on rallies."
After a night of fluctuation, no reversal signals appeared in the market.
Bitcoin is consolidating around 63,700, forming a "downtrend continuation" pattern;
Altcoins are even more firmly pressed below 1800, with no rebound strength at all.
As long as key resistance levels are not broken, any rebound is a trap for trap traders.
Trading Suggestions:
1. Bitcoin: Continue to look bearish.
A rebound to around 64,000-64,200 encountering resistance can be shorted,
a break below 63,000 can be shorted further down to 61,500.
Resistance levels: 64,000 - 64,500 (strong resistance, do not break to remain bearish)
Support levels: 63,000 (short-term defense),
break below targets 61,344 (previous low).
2. Altcoins: Mainly follow the trend to short.
Above 1,780-1,800 is a strong resistance zone,
encountering resistance in this range can enter short positions,
stop loss set at 1,810, target the previous low of 1,720.
Resistance levels: 1,800 - 1,820 (dividing line between bulls and bears, shorting on rebound)
Support levels: 1,715 (strong support below, breaking it accelerates decline). $BTC $ETH $SOL