6.9 Afternoon Market Outlook

Intra-day lows around 62,400 saw a slight rally, pushing higher to test the 63,500 high before facing resistance and pulling back. In the afternoon, it traded sideways slightly around 63,300. These small upward moves are just brief technical corrections after a sharp decline; the overall major trend has not reversed. The buying momentum for the rebound is insufficient, and market bullish sentiment remains weak, so the overall market continues to stay weak.

The daily chart shows a clear bearish trend, with prices continuously suppressed by resistance levels across various cycles. The rebound upward has limited room. After a short-term rally, upward momentum is weak; the two short-term resistance levels at 63,600 and 64,179 are heavy, and multiple attempts to break through have failed to stabilize. The 63,000 support below is a key short-term level; if it breaks, the downward space will open again, and the overall bearish pattern dominated by sellers remains unchanged.

Currently, after a rally, the market weakens again, with support levels tested back and forth. The short-term resistance above is very clear, and the rebound is unlikely to last long. If it cannot hold above 64,300, the market will continue to oscillate and decline, so avoid blindly chasing the rally to enter.

Trading Tips
If the price rebounds to around 64,000, consider light positions for short-term trading. The first target is 62,500, and the second target is 62,000. Do not rush to bottom-fish in a weak market; prioritize a rebound-high sell strategy, control your positions well, and strictly implement risk management. $BTC $ETH #伊朗袭击以色列