6.9 Morning Bitcoin Market Analysis

On Monday, the first dip was damaged, and in the evening, after breaking through 64,000, the upward momentum weakened and was unable to continue the breakout trend, facing a short-term technical correction. Additionally, recent circumstances have not fully improved, so a decisive dip was re-entered. The correction trend this early morning followed expectations; although there was a slight rebound around 63,000, overall, the dip momentum did not show obvious signs of weakening, and then it continued to decline with increased volume. The dip near 64,100 was stopped at 62,400 this morning, gaining over 1,700 points of profit.

Currently, the retracement points are similar to yesterday’s, still not breaking the previously mentioned 62,500-62,000 range. However, on the 4-hour chart, although the dip momentum has not been fully released, it is gradually weakening. The KDJ has already formed a death cross at high levels and continues to diverge downward. If there is a further retracement, the first support will be at the middle band; if volume increases and it breaks down, then look at around 61,500. Additionally, for Bitcoin above 64,000, stronger momentum is needed to break through to effectively open up upward space. Currently, the dip below 1,640 supports the altcoin, and if Bitcoin breaks below the same level, then look at around 1,620. $BTC #美股AI概念股普涨 $ETH