6.5 Morning Bitcoin Market Analysis

On Thursday morning, Bitcoin dropped to 61,344 under the strong attack of the bull, but quickly rebounded due to support around 60,000, forming a long lower shadow. Although the subsequent rebound did not break through the key resistance level of 65,000, the pullback phase also failed to cause an effective attack. The rebound given by Auntie later was slightly weaker, mostly below 1,800, but there is still some room to break through the previous low. Missing out is like missing the bus; when you wait for the next one, a faster one comes. So don’t chase the bus; you can’t catch up and might trip. Because the next bus is usually called the “Review Bus.”

Currently, the daily bull structure has hardly been affected, and this week’s volume expansion has been very sufficient. The current 4-hour price is around 63,000, in the stage of testing the support below the bull. Yesterday’s rebound briefly resisted the bull’s attack, but the price remains in a downtrend channel, generally a weak correction after a sharp decline, showing a volume-reducing rebound for recovery, with insufficient buying follow-through. At present, the bull’s momentum has not been fully released, and in the short term, the bull’s strength is stronger. Even if there is a technical rebound for correction later, it’s hard to effectively break through the 65,000 level. So, the current trend of the bull has not reversed; it’s just a pause after the decline. In the short term, watch whether the morning pullback can break below 62,000; if volume increases and breaks below, look for the previous low; otherwise, continue to watch for narrow fluctuations around 63,500. Auntie still looks at the previous low position, with resistance above $BTC first at 1,770.