6.9 Evening Bitcoin Market Analysis 🍜

Market outlook: Bearish pressure at high levels! Hidden signals of a trend reversal in the evening
Bitcoin retraced after a rally, with a high of 64,179 and a low of 62,381, closing around 62,786. Funds are slightly flowing out, and selling pressure at high levels is evident.
On the 4-hour chart, it has pulled back from the high of 64,250, with the center of gravity shifting downward and rebound highs decreasing. Selling pressure above continues to strengthen; however, support around 62,300 remains, and there has been no volume breakout yet. The MACD histogram continues to shorten, indicating that bullish momentum is rapidly converging, and a death cross may be imminent. Bearish forces could further intensify.

Resistance levels: Around 63,500-64,000, strong resistance at 64,250.
Support levels: Around 62,300-62,000, strong support at 61,300-61,000.

Trading suggestions:
1. Wait for a pullback to stabilize around 62,000-62,300, then lightly attempt a long position with targets at 63,200-63,500, and stop-loss below 61,800.
2. During the rebound to 63,500-64,000, if encountering resistance, lightly attempt a short position with targets at 62,000-62,500, and stop-loss above 64,250. $BTC $ETH