6.1-6.5 This Week's Bitcoin Market Summary

Actually, reviewing this week's market isn't very meaningful; it's clear from the daily chart that the trend is one-sided. The candlesticks continuously closed bearish, with the price dropping from 74,000 all the way down, breaking the year's previous low of 59,800, finally finding a brief support at 59,080. From Monday to Wednesday, the downward momentum was strong, with insufficient buying support below, and the rebound was weak. By Thursday, as the price approached the 60,000 level, the downward trend temporarily resisted with support around 60,000, but on Friday, it still couldn't stop the downward pressure. Meanwhile, the ETH fell from the 2,000 level to 1,503, a drop of 500 points. This decline was also in line with the overall panic atmosphere, with the Fed's rate hike expectations heating up and ongoing conflicts between the US and Iran. However, the decline was so severe that many friends who were originally confident in the downward trend changed their minds. But markets are like this—you never know which dip is the bottom and which is a trap. The reality is often cruel.

This week's outlook continued from last week's bearish perspective, after falling from 80,000 to 70,000, this week again from 70,000 to 60,000. The focus remained on the downward trend, with only one instance of a short-term reversal in the live room, a quick attempt to test the bottom, but after a weak rebound, the decline resumed. I didn't do much swing trading this week; mostly short-term trades, sometimes the market moves quickly, and I could still make decent profits. I also emphasized before that the position shouldn't be held for too long, especially if already trapped, because we still can't be sure if the price has bottomed out. As I always say, unless the US-Iran conflict is effectively resolved, market sentiment will remain biased toward the downward trend. Right now, only the decline has slowed, and signs of a reversal in the downward trend haven't appeared yet. I know many friends who are long on the position are getting a bit overexcited; it's better to wait, control your impulses, and act only when your thoughts are clear. $BTC #分享美股交易赢英伟达股票 $ETH