6.8 Evening Analysis

After the current “big pie” surged to 64,220, it formed a long upper-shadow spike top. Multiple rebounds have failed to break above this high. The upper Bollinger Band continues to face pressure; the current price of 63,363 is less than 600 points away from the upper band. In addition, the expansion pace of the upper band has slowed, and the main upward surge is likely over. The candlestick structure shows signs of stagnation at elevated levels: in recent sessions, the bullish candle bodies have been gradually shrinking, while bearish candle bodies have been expanding. The rhythm of raising highs and lows has been disrupted, and a bearish continuation pattern is beginning to emerge.

The KDJ indicator has formed a top bearish divergence. A new price high has not brought the indicator to move higher in sync. The J line has turned downward and crossed below the K and D lines, establishing the early shape of a death cross; a bearish signal is already present. From the perspective of capital flows, funds have clearly fled above 64,000. Trapped positions at high levels have formed ongoing selling pressure. Near 63,000, consolidation lacks incremental capital to absorb it, and bullish sentiment has cooled significantly.

The key pressure zone for the evening session is 63,500-63,900. If the price cannot break through with volume, it is likely to pull back toward the middle Bollinger Band at 62,611.55. After breaking this support, it will further probe the earlier platform support at 61,300-61,500. In extreme cases, the price may also retest the start of this rally around 60,370.

Trading suggestion: 63,800-64,300, with targets at 61,800-62,300. $BTC $GT