June 8th, Monday, Bitcoin Morning Market Analysis



Did everyone have a good weekend? Rest up, regain your energy, say goodbye to complacency—our battlefield is the market! Monday marks a new start full of opportunities for strategic play. Wishing everyone quick eyes, clear thinking, and an exciting week ahead in the market feast! Good morning!

Looking back at the weekend's trend, the market has clearly become less calm. On Saturday, it forcibly tested the bottom at 595, and over the weekend, it oscillated back and forth between bullish and bearish movements, rising sharply to around 642 this morning. In two days, the total increase was nearly 5,000 points. During this period, whether trading bullish or bearish, as long as the rhythm is on point, good results can be achieved.

From the 4-hour structure, the major downward channel has not been broken, and the trend remains dominated by the bearish head. On smaller timeframes, although there have been consecutive bullish candles pushing upward, breaking through the midline and staying above it, the short-term momentum is indeed strong. But one must recognize: before effectively stabilizing above 640, sustained rebounds are unlikely to extend. Don't be misled by short-term rebound illusions; the main structure remains bearish, with intra-day focus on bearish moves supported by bullish corrections.

Morning Market Analysis: Rebound near 640 in the bearish head, target down to 600, with key focus on the 600 level. If broken, #比特币回升5% look toward 590.
BTC2.38%
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