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6.8 Bitcoin Analysis
Bitcoin started the morning with a strong rally, quickly surging from around 61,500 to 64,250, then facing resistance and pulling back, currently consolidating around 63,000.
From the 4-hour structure, the major downward channel has not been broken, and the trend remains bearish. Although smaller timeframes show consecutive bullish candles pushing upward, resistance above is evident, and the sustainability of the rebound is questionable. If it cannot hold above 64,000, a sustained rebound extension will be difficult to see.
Trading suggestion: around 63,800-64,000 🈳, target 62,000-61,500$BTC #比特币回升5%