Bitcoin 6.9 Evening Analysis - Luo Yi's Approach

Weaknesses continue to oscillate, expect a decline in the evening trend
Review
The intraday overall trend is weak and oscillating, with a slight rebound after probing the bottom at 62,400 in the morning, multiple attempts to break higher were blocked below 64,200, and the rebound momentum remains insufficient. The current price is 62,600, with the entire day showing a pattern of rising and falling, and low-level tug-of-war, with clear daily pressure, and the weak structure remains unchanged.
Trend Analysis
The daily moving averages are in a bearish alignment, with the price trading below the short-term moving averages, and the rebound is only a weak correction with no reversal signals. The four-hour chart maintains a range of 62,400–64,200, with prominent resistance at 63,500–63,800, and 64,200 is a strong resistance level; key supports are at 62,400 and 62,000. The bearish trend dominates the market, and the probability of continued decline in the evening is high.
Operational Suggestions
Range setup: buy on rebounds at 63,100–63,400
Stop-loss level: above 64,000
Target levels: 62,600 → 62,200 → 62,000
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