6.9 Evening Bitcoin Market Analysis

The rebound around 62,500 in the morning gradually weakened, and in the afternoon, it stalled around 63,500, then continued to decline, returning near 62,500. Meanwhile, after testing around 1,690, the altcoin hovered within a narrow range around 1,670. At that time, a short-term light position was suggested for a quick trade. Markets have ups and downs, and life is the same; there's no need to envy others' short-term gains. Maintaining your own rhythm is the best choice—take it slow, everything will come in time.

Currently, the market is not showing much volatility. From the 1-hour chart of Bitcoin, the support zone below 62,500-62,000 is still intact, but the highs are gradually declining, and it’s unable to stay above 63,000. It’s clear that the rebound strength is noticeably weaker than yesterday’s, which also means that to break through the 64,000 level again and the previous high of 64,250, stronger momentum and increased volume are needed. Once the support below is broken, a wave of volume-driven pullback to around 61,000 is very likely. In the short term, both sides are not eager to attack, so it’s recommended to wait for the US stock market to open tonight. #Strategy低位加仓1550枚BTC $BTC $ETH