6.9 Morning Market Outlook

Last night, after spiking to a high of 64,179, the market continued to face pressure and pull back, with the lowest point at 63,131 in the early morning. After a slight rebound, the current price is 63,290. This surge higher was only a brief correction during the decline, and the overall major trend has not reversed. The rebound lacked momentum, buying interest was weak, and market bullish sentiment was subdued, so the market remains in a weak trading rhythm.

The daily chart shows a very clear bearish trend, with prices being suppressed throughout by resistance levels across various cycles, locking in the upward rebound space. After a short-term spike, upward momentum weakened, with strong resistance at 63,800 and 64,179, which multiple attempts failed to break through and stabilize. The support at 63,100 below is a key short-term level; if broken, it will expand the downside space again. The overall bearish dominance remains unchanged.

Currently, after the rally, the market has weakened again, with support levels repeatedly tested. Short-term resistance above is clearly visible, and the sustainability of the rebound is poor. If prices cannot hold above 63,600, the market will continue to oscillate and decline, so avoid blindly chasing the rally to enter.

Operational suggestions
When the price rebounds near 64,000, consider light trading to short, with the first target at 63,100 and the second at 62,900. Do not rush to bottom-fish in a weak market; prioritize shorting on rebounds, control position sizes strictly, and implement good risk management. $BTC $ETH #分享美股交易赢英伟达股票