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6.6 Morning Market Outlook
Good morning everyone! Happy weekend!
Yesterday, the price remained within the range of consolidation all day, and after the non-farm payroll data exceeded expectations overnight, it broke below the consolidation range, and in the early morning, it once again dipped to around 59,000 for a new low, then quickly rebounded, and is now back within the consolidation range. The resistance above is very clear, and short-term rebounds are unlikely to sustain a continuous upward trend.
After the previous decline and breaking below the support level to reach a new low, Bitcoin experienced a short-term technical correction. The indicator rebounded near the resistance zone but started to stagnate, with bulls lacking sustained positive momentum. The price is oscillating within a range, so do not chase the high.
Trading strategy
Rebound to the 62,350-62,850 range for shorting, targeting the 60,000-60,500 range. If the 60,000 level is broken downward, continue to watch for a move towards the previous low around 59,000. $BTC $ETH #分享美股交易赢英伟达股票