6.8 Early Market Outlook and Trading Suggestions

Market Analysis:
Regarding Bitcoin, after dipping to around 61,150 in the early hours, it gradually stabilized and rebounded, then was driven higher by funds, quickly reaching around 64,250, with a single-sided rally exceeding 3,000 points. Currently, the price has returned to around 63,000 for consolidation, indicating that market sentiment has shifted from panic to recovery. Structurally, the 62,000 level has changed from resistance to support, and short-term bulls still hold the advantage. Market funds show short covering and some incremental capital entering simultaneously, with trading volume significantly increasing compared to earlier. Technically, the MACD remains bullish with a rising divergence, RSI is in the strong zone, and although KDJ has entered high levels, no clear death cross signals have appeared, maintaining a generally bullish pattern. On the news front, the Federal Reserve's rate cut expectations remain stable, ETF capital outflow pressure continues to ease, and market risk appetite has improved. Regarding altcoins, after stabilizing around 1,602, they rose in tandem, reaching a high of about 1,721, showing a stronger trend than Bitcoin. The current consolidation around 1,680 is a normal digestion phase after an upward move, with the 1,600-1,640 zone forming a new short-term support. Overall, the market is still in a recovery and upward correction phase, with short-term focus on opportunities for increased volume and upward movement after pullbacks.

Trading Suggestions:
Bitcoin: Buy around 62,000-62,500, target 64,000, 65,000.
Altcoins: Buy around 1,620-1,640, target 1,700, 1,750. #比特币回升5% $BTC $ETH