6.10 Morning Bitcoin Market Analysis 🍜

Bullish jump! The bulls have lost momentum, and 61,000 is the critical line for today’s life and death!
Bitcoin surged yesterday and then pulled back, with bullish momentum clearly weakening, indicating a predominantly volatile and weak overall trend in the short term.
In the morning, focus on the effectiveness of the 61,000 support level; if it breaks down, it is highly likely to continue the correction; if it stabilizes and rebounds, a break above 63,000 is needed to open up upward space.
Be sure to control your positions carefully in trading.
Since the high point of 64,250 faced resistance and pulled back, it is currently oscillating around 61,803, with the 4-hour chart showing consecutive declines, and the rebound strength has significantly weakened.
In terms of MACD, DIF (-405.6) remains above DEA (-455.3), with the red histogram (99.3) continuing but shrinking significantly, indicating that bullish momentum is rapidly diminishing, and the market has shifted from a high rebound to a weak oscillation pattern.

Resistance levels: 62,500-63,000, recent high at 64,250
Support levels: 61,000-61,300

Trading suggestions:
1. If the rebound faces resistance in the 62,500-63,000 range, consider a light short position, targeting 61,500-61,300, with a stop-loss above 63,300.
2. If the price stabilizes after pulling back to the 61,000-61,300 range, consider a small position for short-term rebound, targeting 62,200-62,500, with a stop-loss below 60,700. $BTC $ETH