6.8 Morning Bitcoin Market Analysis

Weekend price action showed a relatively strong rebound correction, but it did not break through the 73,000 resistance level at that time. I also suggested watching for a pullback to support levels at 61,800-61,500. However, in the early hours of today, the escalation of conflict caused the price to retrace over 1,000 points. But after stabilizing below, market bottom-fishing funds entered intensively, quickly pushing the price above 64,000, which was also the breakout point mentioned yesterday. The current overall environment is not favorable for a rally, so a breakout above the resistance is still difficult to stabilize. In the new week, I hope everyone can have a good start.

Currently, on the 4-hour chart of Bitcoin, it is in a correction structure after a previous decline, but overall still within a downward channel. Moreover, the current volume is moderate, and divergence in the indicator is increasing. After the MACD formed a golden cross below the zero line, the bullish momentum shows a continuous growth trend. The downtrend has temporarily slowed, entering a rebound correction phase, but clearly there is resistance in the 63,800-64,200 area. If a volume breakout can be achieved today, it could target 65,000; otherwise, the price may retrace back to 62,500-62,000 in the current situation. Currently, it is not advisable to chase long positions; wait for a pullback to stabilize near 62,500 before entering, or follow up after a breakout above 63,800. The same applies to altcoins; consider entering after a pullback near 1,660, and once stabilized, look for a break above 1,720. #非农数据超预期加息预期升温 $BTC $ETH