June 8th Bitcoin (BTC) Strategy and Trading Suggestions:

Strategy

The current price is $61,887, in a technical weak correction phase after a previous sharp decline. The daily bearish trend has not yet been broken, and the current rebound lacks sufficient momentum, representing an oversold technical retracement rather than a trend reversal signal. The key resistance levels during the previous decline are at 63,000-63,500, which are also important points for short covering; it is likely to face resistance and pull back here. The support zone at 59,500-60,000 is a significant support during this decline; if it stabilizes, it may maintain a range-bound oscillation. If broken downward, it could open up new downside space. The overall intraday pattern is oscillating with a bias toward weakness. During rebounds, prioritize short positions; at low levels, only hold small positions for short-term longs, avoid blindly chasing rallies, strictly control position sizes and stop-losses.

Trading Suggestions
• Main Short: 62,500-63,000 short, stop-loss above 63,500, target 61,000 → 59,500

• Auxiliary Long: 59,500-60,000 stabilize and go long, stop-loss at 58,500, target 61,500 → 62,500

• Risk Control: single position ≤10%, total position ≤30%, must set stop-loss, do not hold through losses