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6.9 Bitcoin Midday Analysis
Today, Bitcoin experienced a rapid decline and found support around 62,381, then rebounded to approximately 63,200. From the market perspective, although there was a slight short-term increase, there was no significant expansion overall, entering a phase of oscillation and correction.
From the 15-minute chart, the current KDJ indicator shows signs of stagnation at high levels, with upward momentum diminishing. Looking at the 4-hour chart, although the price touched near the upper band of the Bollinger Bands, it faced heavy resistance. If it cannot break through with increased volume above 64,000, it is likely to retest and confirm support levels.
Trading suggestion: Short at 63,800-64,000, target 62,500-62,000. $BTC