6.5 Bitcoin Morning Market

Yesterday, Bitcoin’s early-session dip reached 61,344, then it surged and retreated back to 64,700. In the evening, it fell again to 62,100. It is now consolidating around 63,300. The market has entered a repair cycle of low-level consolidation and bottom formation, and the bearish structure remains solid.

Technically, although the four-hour period has temporarily held, the price has remained suppressed below the mid-lower band of the Bollinger Bands. Multiple attempts to push higher have not been able to break through effectively, and the Bollinger Bands are still opening downward. On the hourly chart, the KDJ moving averages have formed a death cross and are diverging downward. Bullish energy is insufficient, and rebounds lack strength. It is recommended to follow the trend and mainly take shorts at higher levels.

Trading suggestions:
Short in the 63,800-64,500 range, targeting 62,000-61,500 $BTC $ETH #ETH跌幅超5%