6.9 Market Highlights Analysis



1️⃣ Bitcoin rebounded at 64,400 indicating a short position; the market declined as expected, dropping to 62,000, with short-term profits of nearly 2,000 points; 64,000 is a strong resistance level, difficult to break in the short term, and there are still short opportunities on rebounds.

2️⃣ The market has now seen the first round of bottoming with a spike; in the next few days, there is a high probability of a second dip to the 60,000 level; after the second dip, consider adding long positions; do not chase highs, as there is no trend reversal yet.

3️⃣ Ethereum moves in tandem with BTC; the previous two long positions at the bottom have been executed; try shorting around 1,690, as four-hour candles show repeated pin bars and support/resistance switching, indicating a continued decline.

4️⃣ For BTC shorts, first take partial profits at 61,000; when reaching the 60,000 level, add longs; the overall market is in a range-bound oscillation, with the rebound strength gradually weakening; after a triangle consolidation, a new breakout direction will be confirmed.
BTC0.35%
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