6.8 Evening Market Outlook

Once again, a slight rebound and correction appeared in the evening, this wave is just a technical minor correction after a sharp decline, the overall major trend has not reversed. The rebound strength is relatively weak, trading volume is insufficient, market bullishness is not strong, and the market remains in a weak state. This recovery is only a brief pause within the downward process.

The daily chart shows a clear downward trend, with prices being suppressed by resistance levels across various cycles, and upward rebound space is limited. After a surge on the four-hour chart, the upward momentum is insufficient, and the resistance at 64500 is very strong, with multiple attempts failing to break through steadily. The key support level below is 62500; if it breaks, the downward space will open again, and the overall bearish dominance remains unchanged.

Currently, the market is in a state of weak continuation after a rebound, with key support levels being tested back and forth. Short-term resistance above is clear, and the rebound is unlikely to last long. If it cannot hold above 64300, there is a high probability of returning to a choppy adjustment phase. Do not blindly chase the rally.

Trading Suggestions
If the price rebounds to around 64000, consider light positions for a short-term long, with the first target at 62000 and the second at 61000. Do not rush to bottom-fish in the short term; in a weak market, prioritize a rebound-high shorting strategy, control your positions well, and manage risks properly. $BTC $ETH #分享美股交易赢英伟达股票