6.9 Afternoon Bitcoin Market Analysis

In the morning, Bitcoin price touched the lower support zone for the second time, but lacked enough momentum to break through that area. Subsequently, there was a consecutive bullish rebound, but so far, the rebound strength has been limited, mainly fluctuating around 63,100. Currently, the "mistress" is also oscillating weakly around the middle line on the 1-hour timeframe. The candlestick chart shows price movements up and down, but cannot reflect your heartbeat. The chart indicates support levels, but cannot reveal your fear.

In the current 1-hour timeframe of Bitcoin, there are many doji candlesticks, indicating a cautious wait-and-see sentiment. The price mainly fluctuates near the middle line, forming a high-level pullback consolidation structure, still under the influence of the overall market headwind. Short-term upward movement is not obvious, leaning more towards oscillating and pulling back. Resistance is around 63,500-63,800, with a continued pullback to around 62,500. Currently, a light position can be taken near 63,300, with a stop-loss at 63,650, and a short-term target of 62,800. The "mistress" at around 1,685 can be followed, with a stop-loss at 1,697, and a short-term target of 1,665.
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