June 7th $BTC Midday Analysis


The price increased by 2.6% during the day, and funds are still flowing in, indicating market sentiment is warming.
From the trend, the price rebounded from a low of 59,080 and has already broken above the short-term moving average and the middle band of the Bollinger Bands, temporarily stabilizing the downward trend.
However, the KDJ has already surged into the overbought zone and may pull back at any time. The first resistance above is around 62,000, with further resistance near 62,500. Support levels are approximately between 60,500 and 60,800. Yifan personally suggests that near the resistance of 62,000-62,500, the target is around 60,800-60,000.
BTC0.96%
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