6.9 Morning Analysis

The current price rebounded to the upper band of the Bollinger Bands and faced clear resistance, failing to form an effective breakout, and multiple tests of the upper band were unsuccessful, indicating that the resistance at the upper band continues to strengthen. The middle band has shifted from previous support to a strong contested level for the current price, with the price center of gravity gradually moving downward, and the rebound momentum continuously weakening, with the bearish force beginning to dominate the market.

Recently, the length of the K-line bodies has gradually shortened, with more upper shadows, indicating that the bulls are less willing to chase high, and at the same time, the trading volume has not supported the price breakout, which is a typical volume-less rebound pattern. If the price cannot re-establish above the 63,800-64,000 range, it is highly likely to trigger a second bottom test, with initial support at the middle of the Bollinger Bands at 63,390. If broken, it will further test the lower band near 62,730.

Trading suggestion: 63,900-64,400 range, target 61,900-62,400. $BTC $GT $SOL #比特币回升5%