6.8 Today's Analysis of the Silk Road Suggests Referencing Counter-Trade for Kongs

Bitcoin: 63,600~64,200 for Kongs, target 62,500~62,000, stop-loss 65,500
Altcoin: 1,720~1,750 for Kongs, target 1,680~1,650, stop-loss 1,850

Market Brief Analysis: After a low-level fluctuation in the early morning, the coin price quickly surged, and the upward momentum has slowed, with a slight pullback.
On the hourly chart, the short-term moving averages are turning upward, and the price is above the moving averages, indicating short-term strength. There are two nearby supports below; if the price stabilizes after retesting, the consolidation will continue. Above, there are two resistance levels, with increasing selling pressure as the price rises.
The four-hour timeframe still shows an overall downtrend; previous declines were significant, and the current rebound is just a weak correction after being oversold. Moving average resistance is obvious, indicators are slightly recovering from the severe oversold zone, and downward momentum is weakening, but the bulls are powerless. #币圈# #区块链# #Gate携手Alpaca链接数字资产与股票金融交易 #交易CFD送黄金 #分享美股交易赢英伟达股票