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 increase of over 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 the short-term bulls still hold the advantage. The funding situation shows short covering and some new funds entering simultaneously, with trading volume significantly increasing compared to earlier. From a technical perspective, the MACD remains bullish with a rising divergence, RSI is in a strong zone, and although KDJ has entered a high level, no clear death cross signal has appeared, maintaining a generally bullish pattern. On the news front, the Fed'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 the potential for increased volume and further 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 $GT $ETH